Hub Acquires Assets of Maryland’s Insurance Management Associates

Global insurance brokerage Hub International Limited (Hub) has acquired the assets of Insurance Management Associates Inc. (IMA). Terms of the transaction were not disclosed.

Based in Annapolis, Md., IMA is a full-service commercial and personal insurance agency. IMA President Randall Bieber will join Hub Mid-Atlantic and report to Hub Mid-Atlantic President Norman Breitenbach following the transaction.

Hub International Limited has a strategy of growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise, according to a company press release.

Headquartered in Chicago, Ill., it provides property and casualty, life and health, employee benefits, investment and risk management products and services.

Source: Hub International Limited