Hub International Limited announced today that its California subsidiary has acquired FLF, Inc. d/b/a Diversified Risk Insurance Brokers, Inc. (DRIB), a California-based insurance brokerage. DRIB’s operation in Emeryville, California will become part of Hub International of California Insurance Services, Inc. (HUB California), and will be moved into HUB California’s Pleasant Hill office in the first quarter of 2008. The combined operations in Pleasant Hill will have revenues in excess of $11 million and approximately 50 staff members.
“We are excited to have the team at DRIB join forces with our already successful office in Pleasant Hill,” said Kirk Christ, president of HUB California. “For some time now, we have been looking to expand our presence in the Northern California market, and this acquisition adds the right people and enhances the opportunities for future growth. “
“This transaction benefits our employees, clients and business partners as we will soon offer a broader spectrum of services and expertise,” said Stephen Meeker of DRIB.
Headquartered in Chicago, IL, Hub International Limited is a leading North American insurance brokerage that provides a broad array of property and casualty, reinsurance, life and health, employee benefits, investment and risk management products and services through offices located in the United States and Canada.
This press release may contain words such as "anticipate," "believe," "expect," "intend," "plan," "project," and other similar words and phrases that indicate forward-looking statements. Forward-looking statements reflect our current expectations regarding, among other things, our future growth, results of operations, cash flows, performance and business prospects, and opportunities. Such statements are based on information currently available to us as well as assumptions regarding future events. Consequently, such forward-looking statements are inherently subject to risks and uncertainties related to industry, financial, legal, regulatory conditions and events and other factors, any of which could cause our actual growth, results of operations, financial condition, cash flows, performance and business prospects, and opportunities to differ materially from those expressed in, or implied by, such forward-looking statements. We therefore caution readers not to place undue reliance on any forward-looking statements, which speak only as of the date of this press release. We undertake no obligation to update any statement contained herein, except as may be required law.