Hub swoops for Louisiana company

World dealer Hub Worldwide Restricted introduced that it has acquired the property of Dwight W. Andrus Insurance coverage, Inc., Dwight Andrus & Richard Insurance coverage, Inc. and DAI Shreve, LLC (Dwight Andrus Insurance coverage). The phrases of the transaction weren’t disclosed.

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Headquartered in Lafayette, La., and with six extra areas all through Louisiana, Dwight Andrus Insurance coverage is likely one of the largest impartial insurance coverage businesses within the nation. Based greater than 75 years in the past, the company affords business insurance coverage, surety and surety bonds, proprietary and various threat insurance coverage, private insurance coverage and advantages.

“Becoming a member of the Hub is a superb step for Dwight Andrus Insurance coverage, its workers, prospects and the group,” mentioned Dwight Andrus IV, President and CEO of Dwight Andrus Insurance coverage. “We are going to proceed as now we have been profitable whereas getting access to the advantages, instruments and assets that include being the fifth largest international dealer. Hub is a superb cultural match for us as the corporate has a wonderful fame as an business chief in offering purchasers with inventive and sensible options whereas all the time doing the suitable factor.”

Proceed studying: Hub launches buying middle insurance coverage

“The choice of Dwight Andrus’ insurance coverage workforce to work with Hub reinforces our place because the dealer of selection all through the Gulf South area,” mentioned Shaun Norris, President of Hub Gulf South. “With the addition of Dwight Andrus Insurance coverage, we’re doubling our business insurance coverage presence within the area whereas including a major gross sales workforce targeted on the western half of our state. This transaction is likely one of the largest of its variety in Louisiana.”

Dwight Andrus management, together with Dwight Andrus IV, Dwight Andrus III, David Andrus and Charlie Babineaux, and their employees will be part of Hub Gulf South.

The deal is the most recent in a collection of acquisitions by Hub. In January, international brokerage snapped up Grace & Porta Advantages of Michigan. In December, the corporate acquired Georgia-based Chatham Insurance coverage Companions.

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2023-03-03 15:00:00

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