World dealer Hub Worldwide Restricted has introduced that it has acquired the belongings of Dwight W. Andrus Insurance coverage, Inc., Dwight Andrus & Richard Insurance coverage, Inc., and DAI Shreve, LLC (Dwight Andrus Insurance coverage). Phrases of the transaction weren’t disclosed.
Headquartered in Lafayette, La., with six extra places throughout Louisiana, Dwight Andrus Insurance coverage is among the largest impartial insurance coverage companies within the nation. Based greater than 75 years in the past, the company gives business insurance coverage, surety and bonding, captive and different danger insurance coverage, private insurance coverage, and worker advantages.
“Becoming a member of Hub is a superb transfer for Dwight Andrus Insurance coverage, its workers, shoppers and neighborhood,” stated Dwight Andrus IV, president and CEO of Dwight Andrus Insurance coverage. “We are going to proceed working in the best way that has made us profitable, whereas gaining access to the advantages, instruments and assets that include the fifth-largest world dealer. Hub is a superb cultural match for us, as a result of they’ve an amazing popularity of being an trade chief in bringing inventive and sensible options to shoppers, whereas all the time doing what is true.”
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“The Dwight Andrus Insurance coverage group’s determination to associate with Hub reinforces our place because the dealer of alternative throughout the Gulf South area,” stated Shaun Norris, president of Hub Gulf South. “With the addition of Dwight Andrus Insurance coverage, we double our business insurance coverage presence within the area, whereas including a big gross sales pressure concentrated within the western half of our state. This transaction represents one of many largest of its sort in Louisiana.”
The Dwight Andrus management, together with Dwight Andrus IV, Dwight Andrus III, David Andrus, and Charlie Babineaux, in addition to their workers, will be part of Hub Gulf South.
The deal is the most recent in Hub’s string of acquisitions. In January, the worldwide dealer snapped up Michigan-based Grace & Porta Advantages. In December, it bought Georgia-based Chatham Insurance coverage Companions.
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