Hub International Limited announced that it has acquired the assets of Yavitz Insurance Group, a privately owned insurance agency based in St. Louis, Mo. The terms of the transaction were not disclosed.
Yavitz Insurance, which has been operating since 1921, provides commercial and personal insurance solutions for individuals and businesses.
Ken Yavitz, owner of Yavitz Insurance, and his team will join Hub Kansas and Missouri. The agency will operate as Yavitz Insurance Group, a Hub International company.
Hub Kansas and Missouri president Paul Cohen (pictured above) welcomed Yavitz and his team to Hub as the company looks to further expand within the region.
This is the national brokerage’s second high-profile buyout in the state this month alone. A few days ago, Hub also swooped for Lindenwood Assets Agency, an independent insurance agency based in St. Charles.
Lindenwood has been in operation for more than 50 years, providing a range of commercial and personal insurance services to businesses and individuals.
The company also bolstered its base in Indiana this month, securing deals for both Mayfield Insurance of Mooresville and John L. Kiley Agency Inc. (DAR The Rocchio Agency) of Carmel.
Mayfield Insurance is an independent agency offering commercial and personal insurance, including life, home, auto, and property insurance.
The Rocchio Agency, meanwhile, offers commercial and personal insurance, as well as employee benefits services. The agency also specializes in residential construction, including custom home building and real estate development.
A report from Tracxn shows that Hub completed 13 deals in 2024, down by two from 15 in 2023. Its busiest year in the last five years was in 2021, when the Illinois-based broker recorded 24 acquisitions.
Outside of its M&A activity, the firm has also entered a partnership with CyberCube which sees Hub integrate the former’s software and services to enhance its cyber risk analytics capabilities for clients across North America.
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