Hub International acquires Jag Insurance Group assets
International brokerage Hub International (Hub) has acquired the assets of Florida-based insurance company JAG Investment Partners LLC, d/b/a/ JAG Insurance Group LLC (JAG Insurance Group) to strengthen its commercial insurance capabilities.
Based in Coral Gables, JAG Insurance Group provides insurance, consulting services, research, and risk management to clients in various industries, including hospitality, non-profit, and real estate.
The deal, with terms of transactions still undisclosed, is expected to see JAG Insurance Group’s industry specialisation support Hub’s Specialty practices by complementing and strengthening its existing capabilities.
Hub south region president Mike Chapman said the Florida-based company is a great addition to Hub because it will strengthen and expand the south team’s calibre of insurance services.
“The addition of a growing agency and high talent team aligns with HUB’s strategic ambition to further expand our capabilities in Florida at a time of robust growth and momentum for the firm,” Chapman added.
The deal follows Hub’s acquisition of California-based Chun-Ha Insurance Services (Chun-Ha Insurance), one of the largest agencies serving the Korean-American community, providing products including commercial and personal insurance and employee benefits services.