Hub International, a Chicago-based insurance brokerage firm, has acquired the assets Farr Insurance Group, a Florida-based insurance brokerage firm.
Following this acquisition, Farr operations will become a part of Hub International Northeast and principals Latimer and Cindy Farr will join Hub. The Farr team will continue to operate out of their existing locations in Venice and Sarasota, Florida.
Farr places homeowners’, automobile and flood insurance for personal lines customers in the region, as well as commercial insurance programs.
Hub International Personal Insurance president James Kane said that Farr this acquisition represents the continual growth of Hub in this region.
Farr Insurance president Latimer Farr said that Hub was a natural fit for Farr to partner with for many reasons, including its reputation, quality offerings and growth opportunities.
The terms of the acquisition were not disclosed.