CHICAGO, April 4, 2022 /PRNewswire/ — Hub Worldwide Restricted (Hub), a major world-wide insurance brokerage and financial products and services agency, declared currently that it has obtained Chun-Ha Insurance policies Products and services, Inc. (Chun-Ha Insurance plan). Terms of the transaction had been not disclosed.
Headquartered in Back garden Grove, California, Chun-Ha Insurance is one particular of the premier companies serving the Korean American community, delivering comprehensive insurance remedies, such as business and personalized insurance policy, and worker advantages expert services.
“I couldn’t be prouder and far more thrilled to have Chun-Ha becoming a member of Hub,” explained Andrew Forchelli, President of Hub Los Angeles/Orange County (LAOC). “They are a excellent organization with a track history of success and a customer centric culture that mirrors our individual. There is no broker in the country far more committed to supporting the dynamic desires of the Asian-American small business local community than Hub, and Chun-Ha becoming a member of our team only solidifies our management situation.”
Ki Hong Park, CEO and President of Chun-Ha Insurance plan, and the Chun-Ha Insurance policy team will join Hub LAOC.
“We glimpse ahead to signing up for Hub,” mentioned Park. “While our identify has improved, our commitment to offer our clientele with the most effective insurance policies method and a committed workers continues to be the similar. Hub has a potent standing in the industry, and this prospect will enable us to provide our shoppers accessibility to broader insurance policies markets and far more price-extra company.”
Chun-Ha Insurance coverage was represented by the consulting company Marsh Berry for the transaction.
About Hub’s M&A Activities
Hub Global Minimal is fully commited to expanding organically and as a result of acquisitions to extend its geographic footprint and improve market and merchandise expertise. For a lot more information and facts on the Hub M&A expertise, visit WeAreHub.com.
About Hub International
Headquartered in Chicago, Illinois, Hub International Restricted is a leading entire-services global insurance broker and monetary expert services organization offering danger administration, insurance policy, employee rewards, retirement and wealth management merchandise and services. With extra than 14,000 workers in places of work situated all through North America, Hub’s large community of specialists delivers clarity to a modifying globe with customized methods and unrelenting advocacy, so clients are prepared for tomorrow. For far more information and facts, you should visit www.hubinternational.com.
Media: Jessica WiltsePhone: 312-596-7573
M&A: Clark WormerCell phone: 312.279.4848
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