Hub International, a global insurance brokerage company, has taken over the assets of The Clements Agency and its wholly-owned subsidiary Flagstaff Insurance for an undisclosed sum.
Clements and Flagstaff have offices in the Tucson, Scottsdale and Flagstaff cities in Arizona, US.
Together, Clements and Flagstaff are a full-service, independent insurance agency providing commercial and personal insurance products to customers.
As part of the deal, the firms’ owners Jack Clements, Jim Clements and Sean Clements will move to Hub Southwest.
Clements President Jack Clements said: “We look forward to joining Hub. Hub’s global platform and culture of collaboration and innovation, combined with its breadth and depth of resources, is a win for us and, more importantly, for our clients.”
Headquartered in Illinois, Hub employs more than 12,000 people and has offices located throughout North America.
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The insurer offers property and casualty, life and health, employee benefits, investment and risk management products and services to customers.
Hub International Southwest President Randall Perkins said: “We are very excited about our continued growth in the region.
“Clements and Flagstaff team provides leadership and an added dimension to our growing capabilities in Arizona.
“We will be well positioned to best serve our clients and expand our footprint in the market.”