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Hub International Acquires Cosaint Insurance Assets.

MANews-(C)2009-2019

17 July 2019 - Chicago, US-based insurance brokerage Hub International Ltd. has acquired the assets of Pennsylvania, US-based Cosaint Insurance Partners, LLC, the company said.

Terms of the transaction were not disclosed.

The principal owners of Cosaint Insurance Partners were part of Nationwide Mutual Insurance company's (Nationwide) exclusive distribution model and are joining Hub concurrent with Cosaint Insurance Partners' shift to an independent broker. Cosaint Insurance Partners is an independent insurance agency whose partners, with a combined experience of more than 100 years, provide personal and commercial insurance in Pennsylvania and the surrounding states.

Hub said together with Cosaint, it will continue to offer an independent platform for to grow and deliver insurance solutions tailored to the evolving needs of their clients.

Hub International Ltd. is a leading full-service global insurance broker providing property and casualty, life and health, employee benefits, investment and risk management products and services with more than 11,000 employees in offices located throughout North America.

Country: USA

Sector: Insurance

Target: Cosaint Insurance Partners

Buyer: Hub International Ltd

Vendor:

Deal size in USD:

Type: Corporate Acquisition

Financing:

Status: Closed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Date:Jul 17, 2019
Words:195
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