CHICAGO, May 3, 2019 /PRNewswire/ -- Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired certain assets of Resource Insurance Services, Inc. (RIS) related to RIS's force-placed automobile and lender-placed mortgage and "real estate owned" (REO) operations. Terms of the transaction were not disclosed.
Located in Lewisville, Texas, RIS specializes in providing lender placed insurance programs to financial institutions. Its focus on the financial institutions industry supports Hub's Specialty practices by complementing and strengthening Hub's existing capabilities.
Don Brooks, CEO of RIS, will join Hub Financial Services, a division of Hub, and will report to Scott Eckerty, President of Hub Financial Services.
About Hub's M&A Activities
Hub International Limited is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise. For more information on the Hub M&A experience, visit WeAreHub.com.
About Hub International
Headquartered in Chicago, Illinois, Hub International Limited is a leading full-service global insurance broker providing property and casualty, life and health, employee benefits, investment and risk management products and services. With more than 11,000 employees in offices located throughout North America, Hub's vast network of specialists provides peace of mind on what matters most by protecting clients through unrelenting advocacy and tailored insurance solutions. For more information, please visit www.hubinternational.com.
SOURCE Hub International Limited