HUB INTERNATIONAL ANNOUNCES ACQUISITION OF ASSETS OF FLORIDA-BASED SMITH WATSON PARKER INSURANCE

Smith Watson Parker Operations to be part of Hub’s Eastern Region’s Real Estate Solutions Team

Chicago January 5, 2015 -

Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired the assets of Smith Watson Parker Insurance (Smith Watson Parker), a Florida-based independent insurance brokerage. Terms of the acquisition were not disclosed. Smith Watson Parker will become part of Hub International Southeast (Hub Southeast), establishing a new location for Hub Southeast in Hollywood, Florida to service the local market needs of Broward, Dade and Palm Beach counties.

Founded in 1934, Smith Watson Parker has over the years developed an expertise in real estate, condo association risk management and commercial insurance solutions. Smith Watson Parker's depth of experience will complement and further expand Hub's regional footprint in these lines of coverage. The firm's management team, including Andrew Spargo, President, and Larry Vaught Jr., Secretary, will join Hub Florida and continue to lead their operations from Hollywood. They will report to Chris Gardner, Chief Executive Officer of Hub Florida. Hub's Florida operations report to Mike Chapman, CEO, Hub Southeast. 

"We are very pleased to add the Smith Watson Parker team to our Hub Southeast region, as well as to Hub's Eastern Region Real Estate Solutions team. They are experts in the condominium and community association space and their service-oriented culture fits in well with our existing operations," noted Gardner. 

Spargo continued, "Being part of a leading global brokerage as well as a far reaching and successful real estate team, expands our ability to better service our local market and broaden our solution offerings through Hub's platforms and markets."

About Hub's M&A Activities

Hub International Limited is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise. For more information on the Hub M&A experience, visit www.WeAreHub.com.

About Hub International

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 from offices located throughout North America. For more information, please visit www.hubinternational.com.

MEDIA CONTACTS:
Marni Gordon
Hub International Limited
Director, Corporate Communications
Phone: 312.279.4601
Marni.Gordon@hubinternational.com


Brokerage and Banker Contact:

Clark Wormer
Hub International Limited
Director, Mergers & Acquisitions
Phone: 312.279.4848
Clark.Wormer@hubinternational.com

Source: HUB International Limited