HUB INTERNATIONAL ACQUIRES ASSETS OF KNIGHT INSURANCE AGENCY

 

Press releases

Please, inside of the following boxes, enter a title for the press release, location and date.

 

 Add Title:  HUB INTERNATIONAL ACQUIRES ASSETS OF KNIGHT INSURANCE AGENCY
Subtitle:
 Location:  Chicago
 Date:    2011-02-07  
 Please, in the following box below, enter the text for the press release. There is not limit of words. You can always go back and re-edit it.

Hub International Limited (Hub), a leading insurance brokerage firm, announced today that it has acquired the assets of Knight Insurance Agency, Inc. (Knight), a Drexel Hill, Pennsylvania based brokerage firm.  Terms of the acquisition were not disclosed.  In connection with the acquisition, the Knight operations will become part of the Hub International Northeast Limited team and will move into Hub’s existing office in Blue Bell, Pennsylvania.  Terence Joyce, President of Knight, will join Hub as part of this acquisition as Vice President, Sales, reporting to Joseph Spinner, Senior Vice President of Pennsylvania Operations, Hub International Northeast.

Founded in 1888 and acquired by Terence Joyce in 1990, Knight serves the commercial  insurance needs of businesses in Delaware County and the five surrounding counties in the Philadelphia metropolitan area. Throughout the history of the company, Knight has maintained a high retention rate from its commercial lines customers, including many entrepreneurial accounts.

“This acquisition provides opportunity for Hub to expand Knight’s existing book of business and further solidify its close ties to the entrepreneurial community in our region,” said Damian Testa, President of Pennsylvania and New Jersey operations. The Knight team will now have access to the resources of a full-service brokerage, which will benefit the personal lines and employee benefits needs of its clients. We welcome Terence and the Knight team to Hub and look forward to providing their customers with the quality products and services of a top 10 U.S. 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.

 In the following box below, please add a contact information.
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

 Please, enter the source in the following box.   
 SOURCE :   HUB International Limited