Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired the assets of John O. Bronson Co. (Bronson), servicing the Sacramento, California area. Terms of the acquisition were not disclosed. Bronson will become part of the California operations of Hub International Insurance Services (Hub California).
Bronson is a full-service property and casualty, personal lines and employee benefits agency and brokerage, and is one of California’s largest and oldest independent firms. Founded in 1888, its three locations in Sacramento, Monterey and Rancho Cucamonga have more than 100 employees. Paul Bystrowski, Bronson’s President and Chief Executive Officer, will join Hub California as Senior Executive Vice President; and Robert McVicar, Bronson’s Vice President of Sales, will join Hub California as Executive Vice President. Together they will continue to lead all sales and operations for their legacy offices, reporting to Kirk Christ, President, Hub California. With this latest acquisition, Hub California will have more than 950 employees in the California.
“Hub’s acquisition strategy is rooted in evaluating the culture of prospective brokerages, and while Bronson’s solutions - P&C, personal and employee benefits - are in line with Hub’s, equally important is the fit between our firms’ culture and local market approach,” noted Christ. “Bronson has a long-standing reputation as a strategic local market adviser with a corporate culture of giving and social responsibility. Both are important qualities that mirror Hub’s values.”
Bystrowski added, “This new era provides our staff with greater access to tools and resources, which will enhance the personal service we provide our clients. We remain committed to our clients in Sacramento and the other communities in which we operate throughout the West. This alliance provides growth opportunities for our employees and broadens our scope. We are very excited about joining the Hub California team.”
About Hub’s M&A Activities
Hub International Limited is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise. For more information on the Hub M&A experience, visit www.WeAreHub.com.
About Hub International
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 North America. For more information visit www.hubinternational.com.
Hub International Limited
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Hub International Limited
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Source: HUB International Limited