CHICAGO — Hub International Limited (Hub), a leading global insurance brokerage and financial services firm, announced today that it has acquired the assets of Malloy Imrie & Vasconi Insurance Services, LLC (MIV Insurance). The acquisition will enhance Hub’s commercial and employee benefit services in the agribusiness industry and high net worth personal insurance, and better position MIV Insurance with expanded scale capabilities. Terms of the transaction were not disclosed.
Located in California’s Napa Valley, with offices in Saint Helena and Napa, MIV Insurance is an independent firm providing commercial, employee benefits and personal insurance to clients throughout California. Their expertise in agribusiness, especially in the wine industry, and personal insurance support Hub’s Specialty practice and Private Client segment by complementing and strengthening Hub’s existing capabilities.
“We are excited to welcome the MIV Insurance team to Hub,” said Darren Caesar, CEO of Hub Central & Northern California (Hub CNC). “MIV Insurance’s depth of knowledge and experience in the wine industry and high net worth personal insurance will bolster our offerings and services to clients.”
Partners & Producers Timothy Malloy, David Capponi, Ted Bystrowski, Kevin Dickenson, and the MIV Insurance team will join Hub CNC.
“With Hub’s deep understanding of the agriculture industry and access to a wider variety of insurance resources and solutions, we will be able to focus on our core services while also providing industry-leading services and capabilities to our clients,” said Malloy.
MIV Insurance will be referred to as MIV Insurance, a Hub International company.
Dowling Hales served as exclusive financial advisor to MIV Insurance.
SOURCE Hub International Limited
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