Oct 4, 2011 – Hub International announces acquisition of House of Insurance
Hub International Limited announces
Acquisition of House of Insurance, Inc.
Chicago, Oct 4, 2011: Hub International Limited (Hub), a leading insurance brokerage
firm, announced today that it has acquired the shares of House of Insurance, Inc. (House),
a Hamilton, Montana-based insurance brokerage firm. Terms of the acquisition were not
disclosed. In connection with this acquisition, the employees of House will become part
of Hub International Mountain States (Hub Mountain). Bill and Judy Rummel, Principals
of House, will join Hub Mountain.
House currently arranges commercial and personal lines insurance programs for clients
throughout Montana. Founded in the 1960s, they work with a wide range of businesses
on their property and casualty insurance, with a niche in serving the coverage needs of
medical facilities. Additionally, they focus on personal insurance, with an expertise in
high value dwellings. This acquisition will fulfill Hub Mountain’s goal to add a strategic
location south of Missoula, Montana.
“The addition of the House of Insurance team will give Hub a much larger presence in
Montana,” said Tim Barnes, President, Hub Mountain.
“We look forward to working with the employees of House and serving their customers
with the many value-added products and services that Hub offers as a leading global
insurance brokerage firm.”
Headquartered in Chicago, IL, Hub International Limited is a leading North American
insurance brokerage that provides a broad array of property and casualty, reinsurance, life
and health, employee benefits, investment and risk management products and services
through offices located in the United States and Canada.
Mystic Capital Advisors Group, LLC provided transaction advisory services to Hub
International on the deal.