Hub International Acquires Assets of Maryland-based Brokerage
- December 06, 2017
HUB INTERNATIONAL ACQUIRES THE ASSETS OF MARYLAND-BASED CONTRACTOR'S SERVICES, INC. AND SURETY SERVICES, LLC
Chicago, IL -- Hub International Limited (Hub), a global insurance brokerage, announced that it has acquired the assets of Contractor's Services, Inc. ("CSI") and Surety Services, LLC ("SS"). Terms of the acquisitions were not disclosed.
Headquartered in Timonium, Maryland, CSI and SS provide the construction industry a higher level of service by providing bid, performance, supply and payment surety bonds. Both agencies also offer several specialty programs designed specifically for wind and solar, large residential and commercial, and U.S. State Department and government, and international construction. From the placement of every type of surety bond, bond execution, financial counsel, and general consultations, CSI and SS ultimately protect their clients to ensure safe and profitable growth.
“Combining our deep understanding of the unique practices and needs of the construction industry with CSI and Hub, further enhances our ability to protect our clients against the financial impact related to general, commercial, professional, automotive, and site-specific claims,” said Len Callahan, President of CSI.
Steve Johnson, President of SS, added, “And, by joining Hub, we can now also offer our clients innovative insurance solutions to grow and protect their businesses such as reducing their workers’ compensation and employee benefits costs.”