Hub International Limited announced today that Hub International of California Insurance Services, Inc. (HUB California) has acquired JRN Benefits, Inc. (JRN). Financial terms of the acquisition were not disclosed.
Based in Santa Barbara, California, the $1.2 million revenue broker offers a broad range of employee benefits insurance and consulting services, with particular expertise in helping employers develop and administer qualified and non-qualified retirement plans and other benefit programs. John R. Nelson and his associates will continue to operate the JRN business.
“JRN will provide HUB California with an additional product line expertise,” said Kirk Christ, president of HUB California. “The ability to call upon experienced professionals who can assist privately owned companies in maximizing their profits for their employees and personal accounts will be a clear differentiator from our competition, and we welcome John Nelson and his team to our growing Hub family of professionals.”
“At JRN, we have prided ourselves on providing our clients with service and expertise that is responsive, timely and cost-effective, and now by joining HUB, it will only get better,” said John Nelson, president of JRN. “We will continue to work with our clients to design and administer their retirement plans and other employee benefit programs and we will keep them informed of new developments that may impact their programs. In addition, by joining the HUB team, we will gain access to a larger client base, be able to leverage key carrier relationships and have access to all of HUB’s vast resources.”
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.
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