Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired the assets of CIFS, Inc. d/b/a City Insurance Services (City) and City’s affiliates, Silver City Insurance Services Inc. and J&C Financial Planning, Inc. d/b/a MOA Financial Services. Terms of the acquisition were not disclosed.
Based in Los Angeles and Buena Park, California, City is a multi-lines insurance solutions provider including commercial and personal lines insurance as well as employee benefits solutions. Brian Jeung, President, City, will join Hub California reporting to Andrew Forchelli, Senior Executive Vice President, Hub California.
The acquisition is one of the first of its kind of a Korean American insurance brokerage. The City acquisition will allow Hub to expand its footprint into the Korean American community while providing insurance solutions from City’s existing locations.
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 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 from offices located throughout North America. For more information, please visit hubinternational.com.