Home Insurance Hub swoops for Louisiana company

Hub swoops for Louisiana company

Hub swoops for Louisiana company

Hub swoops for Louisiana agency

World dealer Hub Worldwide Restricted has introduced that it has acquired the belongings of Dwight W. Andrus Insurance coverage, Inc., Dwight Andrus & Richard Insurance coverage, Inc., and DAI Shreve, LLC (Dwight Andrus Insurance coverage). Phrases of the transaction weren’t disclosed.

Headquartered in Lafayette, La., with six further areas throughout Louisiana, Dwight Andrus Insurance coverage is likely one of the largest unbiased insurance coverage companies within the nation. Based greater than 75 years in the past, the company offers business insurance coverage, surety and bonding, captive and different danger insurance coverage, private insurance coverage, and worker advantages.

“Becoming a member of Hub is a superb transfer for Dwight Andrus Insurance coverage, its staff, purchasers and neighborhood,” mentioned Dwight Andrus IV, president and CEO of Dwight Andrus Insurance coverage. “We’ll proceed working in the best way that has made us profitable, whereas getting access to the advantages, instruments and assets that include the fifth-largest world dealer. Hub is a wonderful cultural match for us, as a result of they’ve an ideal repute of being an trade chief in bringing inventive and sensible options to purchasers, whereas all the time doing what is true.”

Learn subsequent: Hub launches procuring middle insurance coverage

“The Dwight Andrus Insurance coverage workforce’s choice to accomplice with Hub reinforces our place because the dealer of alternative throughout the Gulf South area,” mentioned Shaun Norris, president of Hub Gulf South. “With the addition of Dwight Andrus Insurance coverage, we double our business insurance coverage presence within the area, whereas including a big gross sales power concentrated within the western half of our state. This transaction represents one of many largest of its form in Louisiana.”

The Dwight Andrus management, together with Dwight Andrus IV, Dwight Andrus III, David Andrus, and Charlie Babineaux, in addition to their staff, will be part of Hub Gulf South.

The deal is the newest in Hub’s string of acquisitions. In January, the worldwide dealer snapped up Michigan-based Grace & Porta Advantages. In December, it bought Georgia-based Chatham Insurance coverage Companions.

Have one thing to say about this story? Pontificate within the feedback under.