Hub International continues to expand, this time along the east coast – looking to broaden its personal and commercial lines offerings.
Hub International announced Tuesday that it has acquired the assets of Ballard Insurance Agency (Ballard), a Melbourne, Florida-based insurance brokerage.
“Ballard’s strength in personal lines insurance is remarkable and its deep expertise in coastal Florida concerns for home and auto insurance are key needs for this market,” said John Connelly, Director of Southeast M&A. “By joining Hub, Ballard can now offer its clients a full suite of personal and commercial lines products including innovative solutions like flood, professional and personal liability and home office solutions.”
Terms of the acquisition were not disclosed.
Ballard will become part of the Hub International Florida operations (Hub Florida). According to a statement from Hub, the acquisition will enable Ballard to deliver a full-service commercial line solution and broaden its expertise in personal lines insurance.
Hub Florida will relocate its Melbourne office to Ballard’s existing Melbourne location. The Melbourne office will report into Latimer Farr, President of Hub Florida’s current locations, and roll into the larger Hub Southeast operations under CEO Mike Chapman.
