PROGRAM BROKERAGE CORPORATION ACQUIRES ASSETS OF SIRLES INSURANCE GROUP
Chicago February 3, 2014 -
Program Brokerage Corporation (PBC), a wholesale subsidiary of Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired the assets of Sirles Insurance Group, Inc. (Sirles), a South Carolina-based commercial insurance brokerage firm. Terms of the acquisition were not disclosed. In connection with this acquisition, David H. Sirles, President and CEO of Sirles, will be joining PBC as a Vice President, reporting to Scott Bell, Senior Vice President.
Founded in 2003, Sirles offers a broad array of property and casualty insurance products and services, with a niche in serving the pest control, lawn care and artisan contracting industries, among others. The principals of the firm hold over 35 years of combined experience in working with pest control operators and landscapers. This acquisition represents the expansion of PBC's footprint into the Southeastern U.S. and will further strengthen its various national offerings, including its existing pest control and lawn care programs.
Headquartered in New York, Program Brokerage Corporation, one of the nation's largest MGAs, is known for its wide range of offerings including niche programs, general wholesale placements and professional liability and environmental coverages. Program Brokerage Corporation is the endorsed insurance brokerage for the National Pest Management Association (NPMA).
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