HUB INTERNATIONAL ACQUIRES ASSETS OF GNW – EVERGREEN INSURANCE SERVICES
Chicago January 6, 2014 -
Hub International Limited (Hub), a leading global insurance brokerage, announced today that its subsidiary Hub International Insurance Services, California Operations, (Hub California) has acquired the assets of GNW-Evergreen Insurance Services, Inc. (GNW-Evergreen), a Los Angeles, California-based full-service insurance brokerage firm. Terms of the acquisition were not disclosed. The GNW-Evergreen operations will form a new Hub office in Encino, California and Nashville, Tennessee. In connection with this acquisition, Andrew Forchelli, President & COO, will be joining Hub California as Senior Executive Vice President, reporting to Kirk Christ, President, Hub California. Additionally, Paul S. Meshekow, Jeffrey Newman, Robert DiPaolo and Karen D. Oxman and Mike Newman, will all join Hub California as Executive Vice Presidents.
Founded in 2004, GNW-Evergreen offers a wide array of commercial, personal and employee benefits insurance solutions to businesses and individuals across the country. GNW-Evergreen specializes in niche commercial offerings for the entertainment, healthcare, professional services, real estate, technology, non-profit, retail, and hospitality industries, as well as high net worth personal insurance programs. Recently, GNW-Evergreen was recognized by Insurance Journal as a "2013 Best Places to Work in the Insurance Industry" and a "2013 Best Places to Work in Los Angeles" by the Los Angeles Business Journal.
"The acquisition of GNW-Evergreen represents Hub's interest in further growth in the Los Angeles area and entertainment industry," said Kirk Christ. "Recognized as one of the top agencies in Los Angeles, we welcome their talented management team and staff to Hub and look forward to providing their customers with the resources of a top ten global brokerage firm."
Headquartered in Chicago, IL, Hub International Limited is a leading global insurance brokerage that provides property and casualty, life and health, employee benefits, investment and risk management products and services through offices located in the United States, Canada, Puerto Rico and Brazil. MEDIA CONTACTS:
Cara SiegelHub International Limited
Director, Corporate Brand Management and Media Relations
Clark WormerHub International Limited
Director, Mergers & Acquisitions
Source: HUB International Limited