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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 areas throughout Louisiana, Dwight Andrus Insurance coverage is without doubt one of the largest impartial insurance coverage companies within the nation. Based greater than 75 years in the past, the company offers industrial insurance coverage, surety and bonding, captive and different danger insurance coverage, private insurance coverage, and worker advantages.
“Becoming a member of Hub is a good transfer for Dwight Andrus Insurance coverage, its workers, shoppers and group,” mentioned Dwight Andrus IV, president and CEO of Dwight Andrus Insurance coverage. “We'll proceed working in the best way that has made us profitable, whereas accessing 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 excellent popularity of being an business chief in bringing inventive and sensible options to shoppers, whereas at all times doing what is correct.”
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“The Dwight Andrus Insurance coverage workforce’s determination to accomplice with Hub reinforces our place because the dealer of alternative throughout the Gulf South area,” mentioned Shaun Norris, president of Hub Gulf South. “With the addition of Dwight Andrus Insurance coverage, we double our industrial 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 a part of Hub Gulf South.
The deal is the newest in Hub’s string of acquisitions. In January, the worldwide dealer snapped up Michigan-based Grace & Porta Benefits. In December, it bought Georgia-based Chatham Insurance Partners.
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