Hub swoops for Virginia firm

Acquisition will bolster broker's healthcare capabilities

Hub swoops for Virginia firm

Life & Health

By Ryan Smith

Global brokerage Hub International Limited has acquired the assets of Virginia-based Asset Protection, Inc., which does business as Asset Protection Group (AP Group).

AP Group is a full-service insurance agency that specializes in providing insurance for dentists, oral surgeons, physicians, business professionals and associations, Hub said in a news release. Monty Dise, president and owner of AP Group, and his team will join Hub Mid-Atlantic as part of the deal.

AP Group’s healthcare expertise will strengthen the existing capabilities of Hub’s healthcare practice. Following the acquisition, AP Group will be known as AP Group, Inc., a Hub International Company.

Terms of the transaction were not disclosed.

AP Group is the latest in a string of acquisitions for Hub. Earlier this month, the global brokerage announced that it had finalized the acquisition of Oregon-based Great Basin Insurance. Hub also recently bolstered its private client practice with the appointment of Eric Showalter as senior vice president and head of service and client experience.

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