Hub International Limited announced its acquisition of the assets of Hadfield Agency, Inc, an independent multi-line insurance agency headquartered in Little Rock, Ark. Terms of the transaction were not disclosed.
Hadfield Agency provides commercial and personal insurance products, including auto and home insurance. Hub says that the acquisition expands its footprint in Arkansas as part of its broader growth strategy.
"We're excited Hadfield Agency is joining Hub," said Travis Biggert (pictured above), president of Oklahoma and Arkansas at Hub. He said that the acquisition marks a key step in Hub’s efforts to expand in the Arkansas market, adding that the company will continue to pursue strategic acquisitions aligned with its culture and objectives.
Chuck Hadfield, president of Hadfield Agency, and Charlie Hadfield, operations manager, will join Hub Mid-America along with the agency’s team. Following the acquisition, Hadfield Agency will operate as Hadfield Agency, a Hub International company.
Last month, the global brokerage also announced the acquisition of the assets of R.K. Gore & Associates, an independent insurance agency based in Lehi, Utah.
R.K. Gore & Associates, which focuses on providing insurance solutions for residential construction companies, will now operate under the name “R.K. Gore & Associates, a Hub International company.”
Robert Gore, the agency’s owner, and his team will join Hub’s Southern California and Utah divisions.
Meanwhile, Hub also recently announced an expanded partnership with CyberCube which will integrate the latter’s software and services to enhance its cyber risk analytics capabilities for clients across North America.
As part of the agreement, HUB will deploy CyberCube’s Broking Manager platform to evaluate clients’ financial exposure to cyber risks and support risk transfer strategies. The tool is designed to provide actionable insights to help clients navigate the evolving cyber threat landscape.
HUB’s Professional & Executive Risks (ProEx) team, which focuses on professional and executive liability insurance, will use CyberCube’s analytics to strengthen its advisory services. The platform will assist HUB’s specialists in identifying vulnerabilities, quantifying potential losses, and guiding clients in structuring effective cyber insurance programs.
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