Hub expands Northwest footprint with newest acquisition

Hub International Limited has continued to broaden its geographical attain within the Northwest area with its acquisition of the belongings of Pollock Insurance, Inc.

Established in 1948, Pollock Insurance is an unbiased and regionally operated company in Burien, Washington. It makes a speciality of each industrial and private insurance coverage merchandise.

With the acquisition, Pollock Insurance will now be generally known as a Hub International firm, in response to an organization launch. The company’s proprietor, Andrea Pollock Wood, and her workforce are additionally set to hitch Hub Northwest.

The swoop Pollock Insurance is the most recent in a sequence of acquisitions introduced by Hub this yr. The brokerage has been on an M&A spree as a part of a technique to broaden its geographic footprint and strengthen its experience and product choices.

“M&A is one of our primary engines,” stated Hub chief know-how officer Seth McCallister in a 2022 interview with Insurance Business. “We have a strong organic growth combined with our M&A and that’s what we view as our secret sauce.”

In March, Hub additionally introduced its swoop for the belongings of Onecap Services and Preferred Services Group. Based in New York, they provide property and casualty insurance coverage protection, in addition to particular person and group advantages merchandise, together with medical, dental, imaginative and prescient, life, incapacity and voluntary advantages.

Earlier that very same month, Hub acquired the belongings of Bolds Risk & Insurance Services. This California-based agency gives industrial and private insurance coverage and danger administration providers.

Hub International operates as a full-service dealer that gives danger administration, insurance coverage, worker advantages, retirement, and wealth administration services and products. It at the moment employs over 17,000 people in a number of workplaces situated all through North America.

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