Hub International Limited (Hub), a leading global insurance brokerage, announced that it has acquired BW Insurance Agency, Inc. (BWIA) a wholly-owned subsidiary of Bank of the West.
BWIA is a multi-line property and casualty, personal and employee benefits insurance brokerage. Terms of the acquisition were not disclosed. BWIA will become part of Hub regional operations including Hub Mountain, Hub Colorado, Hub Northwest, and Hub Midwest.
BWIA is the 14th largest bank owned insurance brokerage and, if ranked, would be among the top 100 largest brokerages in the US. The firm specializes in key industries including agriculture, real estate, energy, transportation and construction and has a robust team of experts in executive and professional liability, workers’ compensation and personal insurance solutions. BWIA operates from more than 40 offices located across eight states including Colorado, Iowa, Minnesota, Nebraska, North and South Dakota, Oregon and Wyoming.
BWIA employees who join Hub will either remain in existing locations that will become new Hub offices or relocate to nearby existing Hub regional offices. BWIA already has well-established regional and national carrier relations and will now expand by taking advantage of national carrier relations Hub has with both commercial, personal and employee benefits carriers. This new reach will expand BWIA’s ability to offer more competitive and industry leading insurance products to its customers.
For more information, visit www.hubinternational.com.