HUB INTERNATIONAL ACQUIRES ASSETS OF ARGUS INSURANCE
Chicago April 2, 2014 -
Hub International Limited (Hub), a leading global insurance brokerage, announced today that its subsidiary Hub International Northwest LLC (Hub Northwest) has acquired the assets of Argus Insurance, Inc. (Argus), a Yakima, Washington-based full-service insurance brokerage firm. Terms of the acquisition were not disclosed. Argus operations in Yakima, Sunnyside, Moses Lake and Ellensburg will each join Hub Northwest as new satellite offices.
In connection with the acquisition, all Argus shareholders, sales and service personnel will join Hub Northwest. Jeff Barrom will join the Hub Northwest Executive Management Team as Executive Vice President - Central Washington, and Brian Roberts will join Hub Northwest as Vice President of Operations - Central Washington. In addition, John Teske will join the Hub Northwest Executive Management Team as Chief Operations Officer, responsible for all regional insurance services operations.
Founded in 1983 through the merger of several Yakima-based agencies, Argus offers property and casualty, employee benefits and personal insurance to businesses and individuals located throughout Central Washington. This acquisition will strategically expand Hub's footprint in the Eastern Washington marketplace, allowing Hub to enhance its presence within key Washington industries such as agriculture.
Andy Prill, President and CEO, Hub Northwest, said, "We are excited to bring Jeff and his talented team into our growing Hub Northwest family. In discussions with our carrier partners, Argus is considered a leading brokerage in the Eastern Washington market. They share many key aspects of our culture around client service with integrity and sustainable and profitable growth through employee engagement."
Headquartered in Chicago, IL, Hub International Limited is a leading global insurance brokerage that provides property and casualty, life and health, employee benefits, investment and risk management products and services through offices located in the United States, Canada, Puerto Rico and Brazil.MEDIA CONTACTS:
Cara SiegelHub International Limited
Director, Corporate Brand Management and Media Relations
Clark WormerHub International Limited
Director, Mergers & Acquisitions
Source: HUB International Limited