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HUB International acquires Fredricksen Insurance Services and PMT

Hub International, an insurance brokerage provider, has acquired Fredricksen Insurance Services and PMT, Fredricksen's retail brokerage subsidiary. Terms of the transaction were not disclosed.

As a result of this acquisition, Fredricksen’s operations will become part of Hub International of California Insurance Services (Hub California).

Kirk Christ, president of Hub California, said: Their [the Fredricksen and PMT teams] addition to the Hub International team strengthens our capability in their core business while giving us a P&C operation in the Hemet – San Jacinto Valley. Part of our long-term strategy is to expand what we can offer through this office. By joining forces, Hub now has gained a wholesale operation based on the West Coast.