Hub International acquires MI-based Cranbrook Bloomfield Insurance

Acquired firm is an independent company that provides personal and commercial insurance

Hub International acquires MI-based Cranbrook Bloomfield Insurance

Insurance News

By Lyle Adriano

Hub International Limited has acquired the assets of Cranbrook Bloomfield Insurance Agency (CBIA).

Terms of the transaction were not disclosed.

CBIA, based in Bloomfield Hills, MI, is an independent insurance brokerage that offers personal and commercial insurance, as well as employee benefits solutions. Following the acquisition, CBIA principals John Williamson and Mark Barrett will join Hub Midwest East, a release said.

The deal is the latest in Hub’s ongoing series of acquisitions as part of its organic growth strategy. Just last month, the company acquired two agencies and one brokerage within the span of one week – namely, Hamman-Miller-Beauchamp-Deeble (HMBD), Blair Jarcik Insurance Agency, and SilverStone Group.

HMBD in Long Beach, CA is a full-service insurance agency providing multi-line insurance products. The firm focuses on industries such as construction, healthcare (dental professional liability), and transportation (railroads).

Blair Jarcik in Novato, CA is another full-service commercial and personal insurance agency.

SilverStone Group is considered the largest brokerage in Nebraska; its acquisition by Hub opens a new Great Plains regional hub. The brokerage specializes in insurance and surety, risk management, employee benefits services, retirement plans, wealth management and estate planning.

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