Hub Acquires Assets of California-Based Axella Insurance Services

Hub International Ltd. has acquired the assets of San Diego, Calif.-based Axella Insurance Services Inc.

Terms of the deal were not disclosed.

Martin Khalaf, president and CEO of Axella, will join Hub California and report to Daniel Kabban, executive vice president of Hub California.

Axella is a multi-line insurance brokerage serving both individuals and businesses.

Chicago, Ill.-based Hub is an insurance brokerage that provides property/casualty life and health, employee benefits, investment and risk management products and services.