Insurance brokerage firm Hub International has purchased assets of Stevens-Dell & Associates Insurance (Stevens-Dell Insurance) for an undisclosed amount.
The acquisition further bolsters Hub’s footprint in Arkansas, where Stevens-Dell Insurance is headquartered.
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The acquired company operates as an independent insurance brokerage offering personal and commercial insurance services. Its service portfolio also includes employee benefits solutions.
As part of the agreement, Stevens-Dell Insurance president Steve Stevens will join Hub Mid-America.
Hub Mid-America president Stuart DeSelms said: “We are thrilled to expand our existing presence in Arkansas with the addition of Stevens-Dell.
Stevens added: “We look forward to joining the Hub family. We clearly see benefits for us and our clients.
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Based in Chicago, Illinois Hub International offers life and health, property and casualty, employee benefits, investment and risk management products and services.
It employs 11,000 people across its North American offices.
Recently, the company has stepped up efforts to strengthen its position by acquiring mid-tier insurers.
In September, Hub International acquired the assets of StoneStreet Pearl River, which is based in Pearl River, New York. The company offers retirement plan consulting services among others.
In the same month, Hub also acquired Washington Financial Group (WFG) assets. The Virginia-based company provides plan and wealth management services.
