HUB INTERNATIONAL ACQUIRES FREDRICKSEN INSURANCE SERVICES

 

Press releases

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

 

 Add Title:  HUB INTERNATIONAL ACQUIRES FREDRICKSEN INSURANCE SERVICES/PMT
Subtitle:
Expands its Presence in Hemet - San Jacinto Valley, California
 Location:  Chicago
 Date:    2008-09-09  
 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 announced today that it has acquired Fredricksen Insurance Services (Fredricksen), a Hemet, California agency.  Fredricksen's operations will become part of Hub International of California Insurance Services, Inc. (HUB California).  Terms of the transaction were not disclosed.

Fredricksen, primarily a wholesale broker, was established in 1986 to handle equine and agri-related insurance risks throughout the U.S.  Hub also acquired PMT, Fredricksen's retail brokerage subsidiary.  HUB California's existing office in Hemet will combine with the Fredricksen operation at Fredricksen's location.

Kirk Christ, President of HUB California, welcomed the Fredricksen and PMT teams and said that "Their addition to the Hub International team strengthens our capability in their core business while giving us a P&C operation in the Hemet - San Jacinto Valley."  He also noted that, "Part of our long-term strategy is to expand what we can offer through this office. By joining forces, Hub now has gained a wholesale operation based on the West Coast."

Mark Fredricksen, owner of the firm, is enthusiastic about "the competitive advantage we will gain by being part of a larger national broker, as well as having more tools to share with our customer base."

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.

 

 

 

 

 

 

 

 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, M&A
Phone: 312.279.4848
Clark.Wormer@hubinternational.com

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