Chicago, May 8, 2023 /PR Newswire/ — hub international limited (Hub) today announced that it has acquired the assets of Red Rock Financial, Inc. (Red Rock Financial). Terms of the transaction were not disclosed.
Since 2004, Red Rock Financial has provided specialty insurance products and services to financial institutions nationwide. Industry focus and deep expertise in this area support Hub’s Financial Institutions Specialty practice by complementing and enhancing existing capabilities.
“We are proud of the business we have built in the financial institutions market and appreciate the trust and confidence our clients have placed in us over the years. Jeff Stupfert, President of Red Rock Financial. “The hub gives us the scale, scope and additional resources of being part of a larger, discipline-focused organization. We will be able to offer our clients a broader range of products and services while delivering, and the customer service they have come to expect from us.”
Red Rock Financial will join Hub Financial Services, the banking and financial institution division of Hub. The acquisition is part of Hub’s growth strategy to expand its presence in the banking and financial institutions sector.
“We are delighted to welcome RedRock Financial’s specialty financial institution operations to Hub Financial Services. Scott Eckerty, President of Hub Financial Services. “We have a long and cooperative relationship with Red Rock Financial. will be able to provide the services of
Hub’s M&A activities
Hub International Limited is committed to growing organically and through acquisitions to expand our geographical footprint and strengthen our industry and product expertise. For more information on the Hub M&A Experience, please visit: WeAreHub.com.
About Hub International
Head office location Chicago, IllinoisHub International Limited is a full service global insurance brokerage and financial services company providing risk management, insurance, employee benefits, retirement and wealth management products and services.Over 16,000 employees in offices around the world North America, our vast network of hub specialists brings clarity to a changing world with customized solutions and constant advocacy. So our clients are ready for tomorrow. Visit our Hub Media Center for more information.
media: Jessica Wiltse
M&A: Clark Wormer
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Source Hub International Limited