Global brokerage Hub International Limited has announced that it has acquired California-based Chun-Ha Insurance Services. The terms of the transaction were not disclosed.
Chun-Ha Insurance is one of the largest agencies serving the Korean-American community, providing products including commercial and personal insurance and employee benefits services.
“I couldn’t be prouder and more excited to have Chun-Ha joining Hub,” said Andrew Forchelli, president of Hub Los Angeles/Orange County (LAOC). “They are a fantastic organization with a track record of success and a client-centric culture that mirrors our own. There is no broker in the country more committed to supporting the dynamic needs of the Asian-American business community than Hub, and Chun-Ha joining our team only solidifies our leadership position.”
Ki Hong Park, CEO and president of Chun-Ha Insurance, and the Chun-Ha Insurance team will join Hub LAOC.
“We look forward to joining Hub,” Park said. “While our name has changed, our commitment to provide our clients with the best insurance program and a dedicated staff remains the same. Hub has a strong reputation in the market, and this opportunity will allow us to offer our clients access to broader insurance markets and more value-added services.”