Premier Chicago-based insurance brokerage Hub announced Feb. 3 that it has acquired Equity Risk Partners, Inc.
Terms of the transaction were not disclosed.
Hub shared that its acquisition of Equity Risk is the company’s first step in offering its insurance solutions to private equity firms around the world.
Equity Risk is primarily based in San Francisco, with offices in Chicago and New York. The company specializes in providing casualty, employee benefits, and executive liability products to private equity firms.
“We are very excited to add the talents and capabilities of Equity Risk to the Hub team. Equity Risk enables us to enhance our capabilities to our existing private equity industry clients and together we bring a broader, more robust solution to the industry,” remarked Hub US Western Region president Roy Taylor.
“Equity Risk had many opportunities to partner with different firms. We chose Hub for its unique combination of values that corresponded with ours... We are thrilled to be able to continue to build on our unwavering focus on the private equity industry within the Hub environment,” said Equity Risk CEO Michael Marcon.
With Equity Risk joining Hub’s fold, Marcon will report directly to region president Taylor.
