Hub International acquires MI-based Cranbrook Bloomfield Insurance

Hub International | January 07, 2020

Hub International acquires MI-based Cranbrook Bloomfield Insurance
Hub International Limited has acquired the assets of Cranbrook Bloomfield Insurance Agency (CBIA). Terms of the transaction were not disclosed. CBIA, based in Bloomfield Hills, MI, is an independent insurance brokerage that offers personal and commercial insurance, as well as employee benefits solutions. Following the acquisition, CBIA principals John Williamson and Mark Barrett will join Hub Midwest East, a release said. The deal is the latest in Hub’s ongoing series of acquisitions as part of its organic growth strategy. Just last month, the company acquired two agencies and one brokerage within the span of one week – namely, Hamman-Miller-Beauchamp-Deeble (HMBD), Blair Jarcik Insurance Agency, and SilverStone Group.

Spotlight

The Council of Insurance Agents & Brokers (The Council) is pleased to release its fourth biannual Cyber Insurance Market Watch Survey. The survey, which consisted of 16 questions designed to provide insights into the burgeoning cyber insurance market, creates a snapshot of the market allowing us to monitor changes and trends. Since the formation of this survey in 2015, we have seen many positive developments in the market. When it comes to purchasing cyber insurance, clients are beginning to ask the right questions as they become more familiar with the risk. We have also seen a steady increase in take-up rates among clients and prices continue to stabilize. As brokers become more experienced with cyber exposures, they are growing their knowledge of this new breed of risk and playing an increasingly crucial role in both cyber risk mitigation and post-event response.

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RISK MANAGEMENT

NFP Partners with NetDiligence and CyberCube to Expand Cyber Coverage Product Offerings

NFP, NetDiligence, CyberCube | February 12, 2021

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iPipeline Acquires IFS Expands Insurance Industry Presence

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Spotlight

The Council of Insurance Agents & Brokers (The Council) is pleased to release its fourth biannual Cyber Insurance Market Watch Survey. The survey, which consisted of 16 questions designed to provide insights into the burgeoning cyber insurance market, creates a snapshot of the market allowing us to monitor changes and trends. Since the formation of this survey in 2015, we have seen many positive developments in the market. When it comes to purchasing cyber insurance, clients are beginning to ask the right questions as they become more familiar with the risk. We have also seen a steady increase in take-up rates among clients and prices continue to stabilize. As brokers become more experienced with cyber exposures, they are growing their knowledge of this new breed of risk and playing an increasingly crucial role in both cyber risk mitigation and post-event response.