Hub International acquires MI-based Cranbrook Bloomfield Insurance

Hub International | January 07, 2020

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

Having choices is good, but in the world of life insurance, the number of options and terms can seem overwhelming. Sometimes, there are just too many fish in the sea to easily recognize which one you want to reel in. But don’t worry. A quick overview of the main options available will help weed out the definite no’s and find your best matches. Life insurance falls into two main buckets: term life insurance and permanent life insurance. All other types of life insurance are variations of these two.

Spotlight

Having choices is good, but in the world of life insurance, the number of options and terms can seem overwhelming. Sometimes, there are just too many fish in the sea to easily recognize which one you want to reel in. But don’t worry. A quick overview of the main options available will help weed out the definite no’s and find your best matches. Life insurance falls into two main buckets: term life insurance and permanent life insurance. All other types of life insurance are variations of these two.

Related News

CORE INSURANCE

HUB INTERNATIONAL EXPANDS TRADE CREDIT INSURANCE CAPABILITIES WITH ACQUISITION OF INTERCONTINENTAL GROWTH STRATEGIES, LLC IN ILLINOIS

HUB INTERNATIONAL | August 09, 2022

HUB International Limited, a leading full-service global insurance brokerage and financial services firm, announced today that it has acquired the assets of Intercontinental Growth Strategies, LLC (IGS). Terms of the transaction were not disclosed. Located in Chicago, Illinois, IGS is a trade credit insurance brokerage helping clients grow sales safely and aggressively while protecting against any bad debt loss coming from bankruptcy or non-payment. "We're excited for IGS to join us, Their industry focus supports our Financial Institutions Specialty and Complex Risk practice by complementing and strengthening our existing capabilities." -Seth Hopkins, Chief Marketing Officer & Property Casualty Practice Leader for Hub International Midwest Limited About Hub's M&A Activities Hub International Limited is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise. About Hub International Headquartered in Chicago, Illinois, Hub International Limited is a leading full-service global insurance broker and financial services firm providing risk management, insurance, employee benefits, retirement and wealth management products and services. With more than 14,000 employees in offices located throughout North America, Hub's vast network of specialists brings clarity to a changing world with tailored solutions and unrelenting advocacy, so clients are ready for tomorrow.

Read More

CORE INSURANCE

World Insurance Associates Expands Midwest Presence with Acquisition of Woody Insurance Group

World Insurance Associates LLC | August 30, 2022

World Insurance Associates LLC (WIA), a Top 50 Insurance Brokerage, announced today that it acquired The Woody Insurance Group (Woody Insurance) of Prairie Village, KS on August 1, 2022. Terms of the transaction were not disclosed. The Woody Insurance Group has been providing insurance to individuals and businesses in the Kansas and Missouri communities for over 20 years. They also have a focus on the construction industry. “Our top goal is to make the insurance-buying process easy and thorough for our customers, We provide highly customized solutions to any business or personal need and look forward to continuing this approach as part of World.” -Chris Woody, President, The Woody Insurance Group I’m pleased to welcome Woody Insurance to the World family, They are well known for their unparalleled customer service and will be a nice fit within the World company,says Rich Eknoian, CEO and Co-Founder of WIA. Giordano, Halleran & Ciesla provided legal counsel to WIA. Myers Longhofer LLC provided legal counsel to The Woody Insurance Group. No other advisors, diligence firms or legal counsel were disclosed. About World Insurance Associates LLC World Insurance Associates LLC (World) is headquartered in Iselin, N.J., and is a nationally ranked, full-service insurance organization providing individuals and businesses with top products and services across personal and commercial insurance, employee and executive benefits, retirement and financial services and human capital management solutions. Since its founding in 2011, World has completed 155 acquisitions and serves its customers from more than 250 offices across the United States. World is ranked #34 on the 100 Largest Brokers of U.S. Business list by Business Insurance, ranked #2 on the Fastest Growing Brokers list by Business Insurance and is a Top-50 ranked personal lines agency by Insurance Journal.

Read More

LIFE INSURANCE

Industry’s first indexed whole life insurance product combines guaranteed protection with significant growth potential

Ohio National | September 07, 2022

In the life insurance industry, something totally new comes along only once in a great while. Game changers are rare, and this is one of them. Ohio National Financial Services, Inc. proudly announces the first and only indexed whole life insurance product, providing what no other life policy can: guaranteed protection, stability and index-based growth potential. Indexed whole life from Ohio National provides a lifelong death benefit and cash accumulation guarantee, along with fixed premiums regardless of changes in health. These features have served generations of policyholders in the company’s traditional whole life products. With new indexed whole life, customers can get similar guarantees plus the opportunity to grow cash value in relation to stock market indexes such as the S&P 500® and Russell 2000®. Indexed-based allocation options offer significant growth potential, but because funds are not invested directly in the market, there is no risk of loss due solely to market performance. The cash value can be accessed during the insured’s lifetime, generally on a tax-preferred basis, for almost any purpose, from supplementing retirement income to starting a business. “Our new indexed whole life product is an important breakthrough for Ohio National and the financial professionals who sell our products, We’re thrilled to offer them a unique tool to help their clients reach their financial goals.” -Karl Kreunen, vice president of product marketing This product is something financial professionals can’t find anywhere else, We’re passionate about helping them develop client relationships and build their businesses with the addition of indexed whole life to their portfolios,added Pat McEvoy, senior vice president of life distribution and sales. Ohio National’s debut indexed whole life product, Prestige Indexed 10 Pay, features 10 years of fixed premium payments and is currently available through independent financial professionals in all states except CA and NY. About Ohio National Since 1909, Ohio National has been committed to helping individuals, families and businesses protect what matters most. Through our network of financial professionals across 49 states (all except New York), the District of Columbia and Puerto Rico and through affiliated operations in South America, we provide the insurance products that help our policyholders achieve financial security and independence. As of December 31, 2021, its affiliated companies have $40.8 billion total assets under management. Products are issued by The Ohio National Life Insurance Company and Ohio National Life Assurance Corporation. Recognized as a Leader in Workplace Equity by Ellequate.

Read More