Hub expands Mid-America operations

Hub expands Mid-America operations | Insurance Business America

Insurance News

Hub expands Mid-America operations

Deal the group’s second in the area in the past year

Insurance News

By
Terry Gangcuangco

Hub International has expanded its footprint with the acquisition of A.I.G Agency, operating as Associated Insurance Group, for an undisclosed sum.

An independent agency in Maryland Heights, Missouri, Associated Insurance Group specializes in both commercial and personal property and casualty insurance. The deal marks Hub’s second swoop in the St. Louis area within the past year, highlighting the firm’s continued regional expansion.

Associated Insurance Group president Gregory Wherry and the rest of his team will integrate into the Mid-America operations at Hub. The agency will operate under the name “Associated Insurance Group, a Hub International company.”

The new arrival follows Hub’s recent deal to acquire Creative Financial Strategies in South Carolina. The latter offers a range of investment and financial planning services to both individual and corporate clients across the US. Creative Financial Strategies will become part of Hub Carolinas and Hub RPW (retirement and private wealth).

Meanwhile, other new developments at Hub include its partnership with MAS Seguros, Mexico’s largest trucking insurance broker. The exclusive referral and broker program spans the US, Canada, and Mexico, supporting businesses engaged in cross-border operations throughout North America.

Through the partnership, clients of both Hub and MAS Seguros will gain access to a comprehensive network of insurance, risk management, and claims experts, as well as legal referrals in all three countries.

Lisa Paul, transportation specialty practice chief strategy officer said the changing landscape of Mexico’s economy, modernization of trade agreements, and the growing trend of companies nearshoring production closer to North American markets have fueled an increased demand for a seamless cross-border insurance, risk and compliance supply chain solution.

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