HUB INTERNATIONAL ACQUIRES MANUEL LUJAN INSURANCE
Chicago September 4, 2013 -
Hub International Limited (Hub), a leading global insurance brokerage, announced today that the New Mexico division of its subsidiary Hub International Insurance Services, Inc. (Hub New Mexico) has acquired the assets of Manuel Lujan Insurance, Inc. (MLA), an Albuquerque, New Mexico-based full-service insurance brokerage firm. Terms of the acquisition were not disclosed. The MLA operations will become part of Hub New Mexico's Albuquerque office. In connection with the acquisition, E. Larry Lujan, Chairman, Joe Lujan, President of Commercial Lines and Stephen R. Byrd, President of Employee Benefits, will join Randall Perkins, President of Hub New Mexico, as part of Hub New Mexico's Executive Management Team.
Founded in 1926, MLA serves the insurance needs of individuals and a wide array of businesses throughout New Mexico. Among the specialties of MLA are Native American business, construction and surety, healthcare, non-profits and public entities.
"We are pleased to join forces with one of the strongest, long-standing insurance brokerages in New Mexico," said Randall Perkins. "Given that Hub is the largest brokerage in the region, the employees of MLA, with their diverse expertise across many industries and loyal customer base, will be a great addition to further expand our team. We look forward to giving MLA clients the resources of a top global brokerage firm."
"As one unified New Mexico operation, clients and communities will have access to an even stronger team with more expertise capable of providing valuable service", said E. Larry Lujan. "We will continue our passion to helping families, businesses and communities prosper. Now with twice the resources, we will be able to further our long standing commitment to the people of New Mexico."
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.
Hub International Limited
Director, Corporate Brand Management and Media Relations
Source: HUB International Limited