Hub International Acquires Assets of Multi-Line Brokerage in California
- December 05, 2017
Chicago, IL – Hub International, a global insurance brokerage, announced that it has acquired the assets of Desert Empire Insurance Services, Inc. (DEI). Terms of the acquisition were not disclosed.
Headquartered in Palm Desert, California, DEI is an independent, multi-line insurance brokerage serving both individuals and businesses. Tracing its roots back to 1925, DEI is the largest locally owned and operated insurance agency in the Coachella Valley. The firm has developed niche markets and as a result created specialty programs for country clubs and golf clubs, commercial real estate developers, and general and artisan contractors.
Matt Costello, President of DEI, and DEI agency principals Paul Lewis and Sal Sandoval will join Hub California. Costello will report to Kirk Christ, President of Hub California.
“Our clients can continue to rely on our dedication to service that has earned us a reputation of a widely-respected risk management and insurance organization,” said Costello. “And they’ll gain the added benefits and value from Hub’s focus and willingness to invest in areas that help us deliver the best products and services.”