US-based insurance broker Hub International has acquired the assets of Ward Insurance for an undisclosed sum.
Independently owned, Ward Insurance has been providing commercial, personal insurance, employee benefits and risk solutions to businesses and individuals for five decades.
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Ward Insurance caters to industries such as construction, healthcare, hospitality, manufacturing, and wood products.
The firm has offices in Eugene, Portland and Medford, Oregon.
Hub International will leverage Ward Insurance’s expertise to strengthen its existing capabilities.
Erik Finrow, president of Ward Insurance, will assume charge as executive vice president of Hub Northwest.
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By GlobalDataWard Insurance’s team will also join Hub Northwest.
Finrow said: “We’re excited to join Hub, who with their depth and breadth of resources and solutions, will be a great partner in delivering the highest quality of service to our clients.”
In January this year, Hub International snapped up CAPAX Management and Insurance Services, an insurance brokerage and employee benefits consulting firm.
In November 2020, it purchased the assets of Baystate Fiduciary Advisors based in Massachusetts.
As of September 2020, Baystate Fiduciary Advisors managed $2.9bn in assets and services.
Last year, Hub International also acquired the assets of Leading Edge Benefit Advisors and affiliates for an unknown sum.
Located in Fort Myers, Florida, Leading Edge specialises in employee benefits and retirement planning and wealth management solutions.
