.jpg)
Hub International has announced that it will acquire the assets of Wells Fargo Crop Insurance Agency, the crop insurance broker business of Wells Fargo Insurance. Terms of the deal were not disclosed.
Wells Fargo Crop has offices in North and South Dakota, Minnesota, Iowa, Nebraska and Indiana. The company offers insurance brokerage services for more than 130 types of crop, as well as standard federal multi-peril and crop hail coverage.
Following the acquisition, the Wells Fargo Crop team will become part of Hub International Mountain States Limited. Jeff Kemink, Wells Fargo Crop’s national crop insurance manager, and Jean Hinsverk, assistant vice president and operations manager, will join Hub Mountain in leadership roles.
“Hub Mountain is aggressively investing in its drop and agriculture business,” said Rene LeVeaux, Hub Mountain president. “This acquisition will position Hub Mountain as one of the largest crop brokers in the Midwest and Northwest. As such, we will continue to provide additional resources to ensure our crop and agriculture clients receive the best products and service to protect their operations.”
“Our clients will continue to receive the same dedicated sales and service support from team members who have assisted them in the past with their crop and operations protection,” Kemink said. “By joining Hub, they will also benefit from Hub’s extensive network of insurance specialists in management liability, employee benefits and risk services to best help them protect and grow their businesses.”
