Hub International Acquires Certain Assets Of Texas-Based Resource Insurance Services, Inc.
CHICAGO, IL — Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired certain assets of Resource Insurance Services, Inc. (RIS) related to RIS’s force-placed automobile and lender-placed mortgage and “real estate owned” (REO) operations. Terms of the transaction were not disclosed.
Located in Lewisville, Texas, RIS specializes in providing lender placed insurance programs to financial institutions. Its focus on the financial institutions industry supports Hub’s Specialty practices by complementing and strengthening Hub’s existing capabilities.
Don Brooks, CEO of RIS, will join Hub Financial Services, a division of Hub, and will report to Scott Eckerty, President of Hub Financial Services.