Hub International Limited (Hub), a global insurance brokerage headquartered in Chicago, has acquired the assets of Integrated Risk Solutions Inc. (Integrated Risk).
Terms of the transaction were not disclosed.
Based in Waukesha, Wisconsin, Integrated Risk is a commercial insurance and employee benefits agency specializing in the areas of risk management consulting, commercial insurance brokerage, employee benefits, loss control engineering and claim management. Integrated Risk has advised on compliance and risk management issues for clients in the construction, manufacturing, transportation, hospitality, retail and public entity industries, which support Hub’s Specialty practices by strengthening Hub’s existing solutions.
Tom Precia, president, CEO and co-founder of Integrated Risk, and Pete Aisbet, executive vice president and co-founder of Integrated Risk, will join Hub Midwest and report to Lerone Sidberry, CEO of Hub Midwest. Precia will assume the role of CEO of Wisconsin operations.
Source: Hub International
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
‘Structural Shift’ Occurring in California Surplus Lines 
Florida’s Commercial Clearinghouse Bill Stirring Up Concerns for Brokers, Regulators 
How One Fla. Insurance Agent Allegedly Used Another’s License to Swipe Commissions 
