Hub swoops for Louisiana agency
Global broker Hub International Limited has announced that it has acquired the assets of Dwight W. Andrus Insurance, Inc., Dwight Andrus & Richard Insurance, Inc., and DAI Shreve, LLC (Dwight Andrus Insurance). Terms of the transaction were not disclosed.
Headquartered in Lafayette, La., with six additional locations across Louisiana, Dwight Andrus Insurance is one of the largest independent insurance agencies in the country. Founded more than 75 years ago, the agency provides commercial insurance, surety and bonding, captive and alternative risk insurance, personal insurance, and employee benefits.
“Joining Hub is a great move for Dwight Andrus Insurance, its employees, clients and community,” said Dwight Andrus IV, president and CEO of Dwight Andrus Insurance. “We will continue operating in the way that has made us successful, while having access to the benefits, tools and resources that come with the fifth-largest global broker. Hub is an excellent cultural fit for us, because they have a great reputation of being an industry leader in bringing creative and practical solutions to clients, while always doing what is right.”
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“The Dwight Andrus Insurance team’s decision to partner with Hub reinforces our position as the broker of choice across the Gulf South region,” said Shaun Norris, president of Hub Gulf South. “With the addition of Dwight Andrus Insurance, we double our commercial insurance presence in the region, while adding a significant sales force concentrated in the western half of our state. This transaction represents one of the largest of its kind in Louisiana.”
The Dwight Andrus leadership, including Dwight Andrus IV, Dwight Andrus III, David Andrus, and Charlie Babineaux, as well as their employees, will join Hub Gulf South.
The deal is the latest in Hub’s string of acquisitions. In January, the global broker snapped up Michigan-based Grace & Porta Benefits. In December, it purchased Georgia-based Chatham Insurance Partners.
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