Hub International Limited has announced that it has acquired the assets of Integrated Risk Solutions. Terms of the transaction were not disclosed.
Wisconsin-based Integrated Risk is a commercial insurance and employee-benefits agency specializing in risk management consulting, commercial insurance brokerage, employee benefits, loss-control engineering and claim management. It has advised on compliance and risk management issues for clients in the construction, manufacturing, transportation, hospitality, retail and public-entity sectors.
“Integrated Risk is a great fit for Hub,” said Lerone Sidberry, CEO of Hub Midwest. “Its strategic focus, deep industry expertise and talented leadership team complement our model and enhance our capabilities in Wisconsin. The Integrated Risk team brings a very consultative approach to property and casualty, employee benefits and risk management consulting that will best address the huge industry risks and issues our clients face every day.”
Tom Precia, president, CEO and co-founder of Integrated Risk, and Pete Aisbet, executive vice president and co-founder, will join Hub Midwest and report to Sidberry. Precia will assume the role of CEO for Wisconsin operations.
“We are thrilled to be joining Hub,” Precia said. “Hub is as passionate about serving the unique risk of key industries as we are – investing in resources, developing proprietary products and understanding current and emerging risks with specialized industry knowledge. This partnership enables us to deepen our relationship with our clients and insurance carriers. We look forward to working together to provide valuable solutions to help clients manage their risks.”