Chicago-based insurance broker Hub International Limited said it has agreed to acquire Metairie, La.-based Hibernia Insurance Agency, LLC.
With annual revenues of $18 million, Hibernia will become a new regional platform doing business as Hub International Gulf South (Hub Gulf South).
Founded in 1965 as the Rosenthal Agency Inc., the brokerage was purchased in 2000 by Hibernia Agency, LLC. It is now a subsidiary of Capital One Financial Corporation. Hibernia employs 85 people at offices in Metairie, Lafayette and Baton Rouge, La. The agency serves clients throughout the Southeast and beyond the state of Louisiana including Alabama, Mississippi, Arkansas and Texas.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
