Chicago-based insurance brokerage Hub International Ltd. said it acquired San Francisco-based Sweet & Baker Insurance Brokers. Terms were not disclosed.
Hub also said it acquired the assets of Portland, North Dakota-based insurance and real estate agency Mayport Insurance & Realty. Terms were not disclosed.
Chicago-based reinsurance brokerage Aon Benfield said its catastrophe model development unit Impact Forecasting has partnered with Mississauga, Ontario-based Unica Insurance to offer new a flood insurance called “WATERtight,” which was created in response to severe flooding in Canada in 2013.
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