HUB INTERNATIONAL ACQUIRES ASSETS OF BALDRICA & COMPANY
Chicago February 4, 2014 -
Hub International Limited (Hub), a leading global insurance brokerage, announced today that its subsidiary Hub International Insurance Services, Colorado Operations, (Hub Colorado) has acquired the assets of Baldrica & Company, Inc. (Baldrica), a Colorado Springs, CO-based full-service insurance brokerage firm. Terms of the acquisition were not disclosed. The Baldrica operations will become part of Hub Colorado's existing Colorado Springs office. In connection with this acquisition, Andrea Baldrica, President of Baldrica, will be joining Hub Colorado as a Vice President.
Founded in 1989, Baldrica offers property and casualty, employee benefits and personal insurance to businesses and individuals located in the Colorado Springs area and beyond. This acquisition will strategically expand Hub's footprint in the Southern Colorado marketplace.
"Andrea Baldrica has developed a very successful family agency in the Colorado market, and we are privileged to have her and her staff join the Hub team," said Matt Coleman, President, Hub Colorado. "Beyond the additional talent and expertise they will add to our team, particularly in the employee benefits consulting arena, Andrea represents the next generation of leadership in our industry. She will have a key role within Hub Colorado and be very active in the Colorado Springs business community."
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