Chicago – HUB International Limited (Hub), a leading full-service global insurance brokerage and financial services firm, announced today that it has acquired the assets of Red Rock Financial, Inc. (Red Rock Financial). Terms of the transaction were not disclosed.
Red Rock Financial has been providing specialty insurance products and services to financial institutions nationwide since 2004. Their industry focus and deep expertise in this area supports Hub’s Financial Institutions Specialty practice by complementing and strengthening its existing capabilities.
“We are proud of the business we have built in the financial institution marketplace and appreciate the trust and confidence our clients have placed in us for so many years,” said Jeff Stuepfert, President of Red Rock Financial. “Hub gives us the size, scope, and additional resources of being part of a larger specialty focused organization. By joining forces, we will be able to offer our clients an expanded range of products and services, while still providing the same level of expertise and customer service that they have come to expect from us.”
Red Rock Financial will join Hub Financial Services, Hub’s banking financial institution division. The acquisition is part of Hub’s growth strategy to expand its presence in the banking financial institutions space.
“We are thrilled to welcome the specialty financial institution practice of Red Rock Financial to Hub Financial Services,” said Scott Eckerty, President of Hub Financial Services. “We’ve had a long and collaborative relationship with Red Rock Financial. Their expertise in providing insurance solutions for financial institutions will enhance our capabilities and enable us to provide a high level of service to our clients in this market.”
SOURCE: Hub International Limited
AgencyEquity statement on this article:
Some of the statements in this third party article may be forward-looking statements and perhaps even inaccurate statements. AgencyEquity or Strategic Agencies LLC does not make any representation or warranty, express or implied, as to the accuracy, completeness, or updated status of such statements. Therefore, in no case whatsoever will AgencyEquity or Strategic Agencies LLC be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or for any related damages.
