Hub International Expands Florida East Coast Presence with Acquisition of Ballard Insurance
Acquisition establishes broader personal and commercial lines offerings for Eastern Florida customers
CHICAGO--(BUSINESS WIRE)--Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired the assets of Ballard Insurance Agency (Ballard), a Melbourne, Florida-based insurance brokerage. Terms of the acquisition were not disclosed. Ballard will become part of the Hub International Florida operations (Hub Florida). The acquisition will enable Ballard to deliver a full-service commercial line solution and broaden its expertise in personal lines insurance.
“By joining Hub, Ballard can now offer its clients a full suite of personal and commercial lines products including innovative solutions like flood, professional and personal liability and home office solutions.”
Hub Florida will relocate its Melbourne office to Ballard’s existing Melbourne location. The Melbourne office will report into Latimer Farr, President of Hub Florida’s current locations, and roll into the larger Hub Southeast operations under CEO Mike Chapman.
“Ballard’s strength in personal lines insurance is remarkable and its deep expertise in coastal Florida concerns for home and auto insurance are key needs for this market,” noted John Connelly, Director of Southeast M&A. “By joining Hub, Ballard can now offer its clients a full suite of personal and commercial lines products including innovative solutions like flood, professional and personal liability and home office solutions.”
About Hub’s M&A Activities
HUB International 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 United States, Canada and Latin America.