Hub International, a leading global insurance brokerage, announced that it has acquired Equity Risk Partners.
Terms of the acquisition were not disclosed.
Equity Risk will serve as a platform for future expansion in providing insurance solutions to private equity firms worldwide.
Based in San Francisco, with additional offices in Chicago and New York, Equity Risk specializes in providing property and casualty, employee benefits, and executive liability solutions for private equity firms worldwide.
Michael Marcon, CEO of Equity Risk, will join Hub and report to Roy Taylor, President of Hub’s US Western Region.
"We are very excited to add the talents and capabilities of Equity Risk to the Hub team. Equity Risk enables us to enhance our capabilities to our existing private equity industry clients and together we bring a broader, more robust solution to the industry," noted Taylor.
Marcon added, "Equity Risk had many opportunities to partner with different firms. We chose Hub for its unique combination of values that corresponded with ours, geographic reach and scale that enhances our ability to deliver for our clients, leadership that is visionary and supportive, and products and services of a breadth and depth that mirror the diversity of our clients.
"We are thrilled to be able to continue to build on our unwavering focus on the private equity industry within the Hub environment."
Hub is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise.
Headquartered in Chicago, Hub is a leading global insurance brokerage that provides property and casualty, life and health, employee benefits, investment and risk management products and services from offices located throughout North America.