Hub expands Northwest footprint with newest acquisition

Hub Worldwide Restricted has continued to develop its geographical attain within the Northwest area with its acquisition of the belongings of Pollock Insurance coverage, Inc.

Established in 1948, Pollock Insurance coverage is an unbiased and regionally operated company in Burien, Washington. It makes a speciality of each business and private insurance coverage merchandise.

With the acquisition, Pollock Insurance coverage will now be often known as a Hub Worldwide firm, in line with an organization launch. The company’s proprietor, Andrea Pollock Wooden, and her group are additionally set to hitch Hub Northwest.

The swoop Pollock Insurance coverage is the most recent in a sequence of acquisitions introduced by Hub this 12 months. The brokerage has been on an M&A spree as a part of a technique to develop its geographic footprint and strengthen its experience and product choices.

“M&A is certainly one of our major engines,” mentioned Hub chief know-how officer Seth McCallister in a 2022 interview with Insurance coverage Enterprise. “We have now a powerful natural development mixed with our M&A and that’s what we view as our secret sauce.”

In March, Hub additionally introduced its swoop for the belongings of Onecap Providers and Most well-liked Providers Group. Primarily based in New York, they provide property and casualty insurance coverage protection, in addition to particular person and group advantages merchandise, together with medical, dental, imaginative and prescient, life, incapacity and voluntary advantages.

Earlier that very same month, Hub acquired the belongings of Bolds Danger & Insurance coverage Providers. This California-based agency supplies business and private insurance coverage and danger administration providers.

Hub Worldwide operates as a full-service dealer that gives danger administration, insurance coverage, worker advantages, retirement, and wealth administration services. It at present employs over 17,000 people in a number of places of work positioned all through North America.

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