Hub International Acquires Diversified Risk Insurance Brokers

Chicago-based Hub International Ltd.’s California subsidiary has acquired FLF Inc. d/b/a Diversified Risk Insurance Brokers Inc. (DRIB), a northern California-based insurance brokerage. DRIB’s operation in Emeryville, Calif., will become part of Hub International of California Insurance Services Inc. (HUB California), and will be moved into HUB California’s Pleasant Hill office in the first quarter of 2008. The combined operations in Pleasant Hill will have revenues in excess of $11 million and approximately 50 staff members.

For some time now, we have been looking to expand our presence in the Northern California market, and this acquisition adds the right people and enhances the opportunities for future growth,” said Kirk Christ, president of HUB California.

Source: Hub