HUB INTERNATIONAL ACQUIRES ASSETS OF J.N. MORCOS INSURANCE AGENCY

 

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 Add Title:  HUB INTERNATIONAL ACQUIRES ASSETS OF J.N. MORCOS INSURANCE AGENCY
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 Location:  Chicago
 Date:    2011-12-02  
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Hub International Limited (Hub), a leading insurance brokerage firm, announced today that it has acquired the assets of J.N. Morcos Insurance Agency Limited (Morcos), a Aurora, Illinois based retail brokerage firm. Terms of the acquisition were not disclosed. In connection with this acquisition, the Morcos employees will join Hub International Midwest Limited (Hub Midwest), including Stephen Morcos, President of Morcos, who will report to Neil Hughes, President, Hub Midwest. The Morcos team will relocate from their office in Aurora to Hub Midwest’s existing office in Westmont, IL.

Founded in 1981, Morcos is a full service agency that offers property and casualty, personal lines and employee benefits insurance programs to a diversified customer base within the Chicago marketplace and beyond. Their commercial lines clientele is primarily middle market businesses in the non-profit, municipality, professional services and construction industries. This acquisition expands Hub Midwest’s expertise in these niche areas and provides many cross-sell opportunities to Morcos’ clients.
“We are pleased to welcome Stephen and the Morcos group to our team,” said Neil Hughes. “Stephen has a proven track record for success in building comprehensive insurance programs for a variety of businesses and individuals. We look forward to serving our new customers with Hub’s full suite of products, coupled with the many value-added services offered as a top ten global insurance brokerage.”

Headquartered in Chicago, Hub International Limited is a leading insurance brokerage providing a broad array of property, casualty, risk management, employee benefits, investment and wealth management products across North America. Hub is dedicated to helping businesses and individuals manage their insurance needs and plan for the unforeseen. For more information, visit www.hubinternational.com.

 

 

 

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CONTACT:

MEDIA CONTACTS:
Daniel Goldsmith

Hub International Limited
Chief Financial Officer
Phone: 312.279.4840
Daniel.Goldsmith@hubinternational.com

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

 

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 SOURCE :   HUB International Limited