HUB International has partnered with PowerBand Solutions to offer its personal lines automotive insurance solutions to drivers in the US and eventually Canada through the latter’s virtual transaction platform.
PowerBand’s strategic partner in the move is Texas-based D&P Holdings.
Those using PowerBandcanbuy, lease, sell, trade and finance a vehicle from any location through a smart phone or digital device. They will also have quick access to a range of insurance products through HUB.
PowerBand CEO Kelly Jennings said: “PowerBand is delighted to partner with HUB, one of the most respected brands in personal insurance.
“Our goal at PowerBand is to take unnecessary middlemen out of all aspects of the automotive retail business, to make acquiring a car and insurance as easy as buying a product from Amazon on your smart phone. This partnership with HUB is another important step in that direction by PowerBand.”
PowerBand’s vehicle protection offerings have been supported by general insurance agency CARcon, which is said to administer over 100,000 new protection products every month in the US.
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The company tied-up with D&P to provide the vehicle protection offerings of CARcoon PowerBand.
D&P CEO John Armstrong added: “HUB is a leader in the multi-billion-dollar automotive insurance business.
“With HUB, and our other insurance and warranty providers, PowerBand will become a one-stop virtual platform to buy, sell, lease, trade, finance – and get the insurance you need from multiple carriers, with multiple solutions.”
HUB Personal Lines Strategy and Business Development senior vice-president Beverly Campbell said: “HUB is very excited to work with PowerBand. Their clientele of luxury car buyers aligns with our key strength to provide comprehensive personal insurance that protects personal and professional assets for our mass affluent customer base.”
The alliance is expected to deliver up to 5,000 new automotive insurance clients per year for HUB in the future.
HUB recently acquired the assets of The Clements Agency and its wholly-owned subsidiary Flagstaff Insurance for an undisclosed sum.