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World dealer Hub Worldwide Restricted has introduced that it has acquired the property of Dwight W. Andrus Insurance coverage, Inc., Dwight Andrus & Richard Insurance coverage, Inc., and DAI Shreve, LLC (Dwight Andrus Insurance coverage). Phrases of the transaction weren’t disclosed.
Headquartered in Lafayette, La., with six extra places throughout Louisiana, Dwight Andrus Insurance coverage is without doubt one of the largest impartial insurance coverage businesses within the nation. Based greater than 75 years in the past, the company gives business insurance coverage, surety and bonding, captive and different danger insurance coverage, private insurance coverage, and worker advantages.
“Becoming a member of Hub is a good transfer for Dwight Andrus Insurance coverage, its workers, shoppers and neighborhood,” mentioned Dwight Andrus IV, president and CEO of Dwight Andrus Insurance coverage. “We’ll proceed working in the way in which that has made us profitable, whereas accessing the advantages, instruments and assets that include the fifth-largest international dealer. Hub is a superb cultural match for us, as a result of they’ve a terrific fame of being an business chief in bringing artistic and sensible options to shoppers, whereas all the time doing what is true.”
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“The Dwight Andrus Insurance coverage crew’s resolution to associate with Hub reinforces our place because the dealer of alternative throughout the Gulf South area,” mentioned Shaun Norris, president of Hub Gulf South. “With the addition of Dwight Andrus Insurance coverage, we double our business insurance coverage presence within the area, whereas including a big gross sales power concentrated within the western half of our state. This transaction represents one of many largest of its sort in Louisiana.”
The Dwight Andrus management, together with Dwight Andrus IV, Dwight Andrus III, David Andrus, and Charlie Babineaux, in addition to their workers, will be part of Hub Gulf South.
The deal is the newest in Hub’s string of acquisitions. In January, the worldwide dealer snapped up Michigan-based Grace & Porta Advantages. In December, it bought Georgia-based Chatham Insurance coverage Companions.
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