HUB INTERNATIONAL ACQUIRES THE ASSETS OF CALIFORNIA-BASED
CITY INSURANCE SERVICES
Chicago, IL — Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired the assets of CIFS, Inc. d/b/a City Insurance Services (City) and City’s affiliates, Silver City Insurance Services Inc. and J&C Financial Planning, Inc. d/b/a MOA Financial Services. Terms of the acquisition were not disclosed.
Based in Los Angeles and Buena Park, California, City is a multi-lines insurance solutions provider including commercial and personal lines insurance as well as employee benefits solutions. Brian Jeung, President, City, will join Hub California reporting to Andrew Forchelli, Senior Executive Vice President, Hub California.
The acquisition is one of the first of its kind of a Korean American insurance brokerage. The City acquisition will allow Hub to expand its footprint into the Korean American community while providing insurance solutions from City’s existing locations.