Worldwide brokerage Hub Worldwide Restricted has acquired the property of Seattle-based DeFranco Insurance coverage. Phrases of the transaction weren’t disclosed.
DeFranco Insurance coverage makes a speciality of private and industrial insurance coverage companies. As a part of the transaction, company president John DeFranco and his group will be part of Hub Northwest.
“DeFranco Insurance coverage has been a staple of the Seattle group for the final 70 years, and we’re excited for the chance to convey our groups collectively,” mentioned Eric Schack, senior government vice chairman of Hub Northwest. “This partnership additional strengthens our Hub Northwest model within the Puget Sound market.”
Learn subsequent: Hub Worldwide broadcasts acquisition
“Our group is worked up concerning the partnership with Hub Northwest and the worth it’s going to convey to our clients by the improved market entry and assist companies,” DeFranco mentioned. “This relationship will enable us to focus much more consideration on our current clients and improve our local people providing.”
