Worldwide brokerage Hub Worldwide (Hub) has acquired the belongings of Florida-based insurance coverage firm JAG Funding Companions LLC, d/b/a/ JAG Insurance coverage Group LLC (JAG Insurance coverage Group) to strengthen its commercial insurance capabilities.
Based mostly in Coral Gables, JAG Insurance coverage Group offers insurance coverage, consulting companies, analysis, and danger administration to shoppers in varied industries, together with hospitality, non-profit, and actual property.
The deal, with phrases of transactions nonetheless undisclosed, is anticipated to see JAG Insurance coverage Group’s trade specialisation help Hub’s Specialty practices by complementing and strengthening its present capabilities.
Hub south area president Mike Chapman stated the Florida-based firm is a good addition to Hub as a result of it is going to strengthen and develop the south workforce’s calibre of insurance coverage companies.
“The addition of a rising company and excessive expertise workforce aligns with HUB’s strategic ambition to additional develop our capabilities in Florida at a time of sturdy progress and momentum for the agency,” Chapman added.
The deal follows Hub’s acquisition of California-based Chun-Ha Insurance coverage Providers (Chun-Ha Insurance coverage), one of many largest businesses serving the Korean-American group, offering merchandise together with business and private insurance coverage and worker advantages companies.