Hub expands Northwest footprint with newest acquisition

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

Established in 1948, Pollock Insurance coverage is an impartial and domestically 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 referred to as a Hub Worldwide firm, in response to 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 newest in a collection of acquisitions introduced by Hub this 12 months. The brokerage has been on an M&A spree as a part of a method to increase its geographic footprint and strengthen its experience and product choices.

“M&A is one in every of our main engines,” mentioned Hub chief expertise officer Seth McCallister in a 2022 interview with Insurance coverage Enterprise. “Now we have a robust natural progress mixed with our M&A and that’s what we view as our secret sauce.”

In March, Hub additionally introduced its swoop for the property of Onecap Providers and Most well-liked Providers Group. Based mostly 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 property of Bolds Danger & Insurance coverage Providers. This California-based agency supplies business and private insurance coverage and threat administration providers.

Hub Worldwide operates as a full-service dealer that gives threat 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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