Hub expands Northwest footprint with newest acquisition

Hub Worldwide Restricted has continued to broaden 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 regionally operated company in Burien, Washington. It makes a speciality of each industrial and private insurance coverage merchandise.

With the acquisition, Pollock Insurance coverage will now be often known as a Hub Worldwide firm, based on an organization launch. The company’s proprietor, Andrea Pollock Wooden, and her group are additionally set to affix Hub Northwest.

The swoop Pollock Insurance coverage is the newest in a collection of acquisitions introduced by Hub this 12 months. The brokerage has been on an M&A spree as a part of a method to broaden 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 Companies and Most popular Companies Group. Primarily based 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 Danger & Insurance coverage Companies. This California-based agency gives industrial and private insurance coverage and danger administration companies.

Hub Worldwide operates as a full-service dealer that gives danger administration, insurance coverage, worker advantages, retirement, and wealth administration services and products. It at present employs over 17,000 people in a number of places of work situated all through North America.

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