Hub International purchases assets of NY-based boutique specialty insurer

Hub International purchases assets of NY-based boutique specialty insurer | Insurance Business

Hub International purchases assets of NY-based boutique specialty insurer

Hub International has acquired the assets of Kokkoris Corp., dba Kokkoris Insurance Services.

Terms of the transaction were not disclosed.

Kokkoris Insurance Services, based in Astoria, NY, is a boutique insurance agency that offers commercial and personal insurance to clients – particularly those in the construction, real estate, and hospitality industries.

The acquisition supports Hub’s specialty practices by “complementing and strengthening” the broker’s existing capabilities, a release said.

“We are excited to have Jordan Kokkoris join our region,” said Hub International Northeast president and CEO Paul Collins. “Kokkoris Insurance Services further strengthens our presence in New York City, and we believe that Jordan and his team will greatly expand the opportunities available to Hub and our clients in the area as we seek to fulfill our promise to deliver best-in-class client advocacy and tailored insurance solutions.”

Read more: Hub International acquires MI-based Cranbrook Bloomfield Insurance

Earlier this year, Hub acquired Cranbrook Bloomfield Insurance Agency (CBIA) in Bloomfield Hills, MI. CBIA is an independent insurance brokerage that offers personal and commercial insurance, as well as employee benefits solutions.