Hub International Limited (Hub), a leading insurance brokerage firm, announced today that it has acquired the assets of Farr Insurance Group (Farr), a Venice, Florida-based insurance brokerage firm. Terms of the acquisition were not disclosed. The Farr operations will become a part of Hub International Northeast Limited and principals Latimer and Cindy Farr will join Hub. The Farr team will continue to operate out of their existing locations in Venice and Sarasota, Florida.
Founded in 1978, Farr works with approximately 10,000 clients throughout the state of Florida, with a large concentration in Sarasota County. Throughout the history of the firm, the agency has grown both organically and through acquisitions including the purchase of the Barre J. Yeager Agency in 2003, located in Venice, Florida, and Sarasota-based Tartikoff Insurance Agency in 2007. Farr places homeowners’, automobile and flood insurance for personal lines customers in the region, as well as commercial insurance programs. Farr works with top-rated insurance carriers and consistently maintains high client retention.
“Farr is a terrific addition to Hub’s existing presence in the Southeastern U.S.,” said James P. Kane, President, Hub International Personal Insurance.
“Given Farr’s stellar reputation and loyal customer base, they are an excellent fit for our team. Latimer and Cindy Farr have built an impressive operation and are leaders in providing quality personal and commercial insurance programs and outstanding customer service in the communities they serve. This acquisition represents the continual growth of Hub in this region. We welcome the professionals at Farr to our team and look forward to serving their customers.”
“We are excited to become part of one of the nation’s largest brokerages and help Hub expand its business in the Southeastern US,” said Latimer Farr, President, Farr Insurance. “Hub was a natural fit for us to partner with for many reasons, including its strong reputation, quality offerings and growth opportunities. We look forward to being a part of the Hub team.”
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