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Hub International Acquires Nationwide Agents and Books of Business
Tuesday 13 August 2019

13 August 2019 - Chicago, US-based insurance brokerage Hub International Ltd. has acquired Nationwide Insurance property and casualty books of business from, and hired four Pennsylvania, US-based Nationwide agents, the company said.
Terms were not disclosed.
Each of the agents were previously part of Nationwide Mutual Insurance company's (Nationwide) exclusive distribution model and are now joining Hub as they shift to becoming independent agents.
These additions will complement and strengthen Hub's personal insurance solutions.
This announcement follows Hub's recent acquisition of Cosaint Insurance Partners, LLC last month, who recently shifted from Nationwide's exclusive distribution model to an independent broker.
Hub International Ltd. is a leading full-service global insurance broker providing property and casualty, life and health, employee benefits, investment and risk management products and services with more than 11,000 employees in offices located throughout North America.
Details
Date Published: 13/08/2019
Target: Nationwide Insurance property and casualty books of business
Country: USA
Sector: Insurance
Type: Corporate acquisition
Financing: Cash and Stock
Status: Agreed
Vendor: Four Pennsylvania, US-based Nationwide agents
Buyer: Hub International
Comment:
Terms of the deal were not disclosed

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