HUB INTERNATIONAL ACQUIRES HALL-CONWAY-JACKSON AND CASCADE INSURANCE GROUP

 

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 Add Title:  HUB INTERNATIONAL ACQUIRES HALL-CONWAY-JACKSON AND CASCADE INSURANCE GROUP
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 Location:  Chicago
 Date:    2011-01-04  
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Hub International Limited (Hub), a leading insurance brokerage firm, announced today that it has acquired the shares of Hall-Conway- Jackson, Inc. (HCJ) and the assets of Cascade Insurance Group, Inc. (Cascade), Bothell, Washington-based insurance brokerage and employee benefit firms, respectively. Terms of the acquisition were not disclosed. HCJ and Cascade, who share a joint partnership, will become part of Hub International Northwest Limited (Hub Northwest). The firms’ two key principals, Thomas F. Jackson and Bob Schmidt, will join Hub Northwest as part of this transaction, reporting to Andy Prill, President and CEO, Hub Northwest.

HCJ was founded in 1935, and is one of the largest retail insurance brokerages in the Pacific Northwest region, offering middle market property and casualty, employee benefits and personal lines products and services to a broad customer base. In 1989, they formed a joint venture with Cascade to manage and develop both companies’ group insurance business. Jointly, they are a full service brokerage with specialty program expertise in professional liability, restaurants, product recall, and taverns. Their broad capabilities extend to large commercial property developers, shopping centers, manufacturing and habitational real estate accounts. The acquisition of HCJ and Cascade will continue to diversify Hub Northwest’s current customer base, which includes numerous construction companies throughout the Pacific Northwest and Alaska, given the firm’s deep expertise in construction insurance and surety products.

“This group is undoubtedly one of the top independent brokers in the Pacific Northwest, with a 75 year history of providing insurance services to some of the area’s top companies and individuals,” said Andy Prill. “We are thrilled to join forces with Tom, Bob, and the rest of the talented individuals at HCJ and Cascade and welcome them to our team. This acquisition represents a strong growth platform outside of the construction industry for Hub Northwest and together we look forward to providing their clients with the finest insurance products and services in the region.”

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.

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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

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 SOURCE :   HUB International Limited