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 belongings of Pollock Insurance coverage, Inc.

Established in 1948, Pollock Insurance coverage is an impartial and domestically operated company in Burien, Washington. It focuses on each business and private insurance coverage merchandise.

With the acquisition, Pollock Insurance coverage will now be often known as a Hub Worldwide firm, in line with an organization launch. The company’s proprietor, Andrea Pollock Wooden, and her workforce are additionally set to hitch Hub Northwest.

The swoop Pollock Insurance coverage is the most recent in a collection of acquisitions introduced by Hub this yr. 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 all our major engines,” mentioned Hub chief expertise officer Seth McCallister in a 2022 interview with Insurance coverage Enterprise. “Now we have a powerful natural development mixed with our M&A and that’s what we view as our secret sauce.”

In March, Hub additionally introduced its swoop for the belongings 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 belongings of Bolds Threat & Insurance coverage Providers. This California-based agency gives 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 and products. It at the moment employs over 17,000 people in a number of places of work situated all through North America.

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