Global insurance brokerage Hub International Limited (Hub) has acquired the assets of Patterson Insurance Brokers (Patterson).
Terms of the acquisition were not disclosed.
Based in Anchorage, Alaska, Patterson specializes in providing commercial lines and employee benefit insurance solutions. Kent Patterson, Patterson’s President, will join Hub Northwest as Vice President Alaska.
Anchorage-based Patterson will serve as a central point for HUB Northwest’s Alaskan operations. Hub currently has four locations in Alaska including offices in Palmer, Anchorage, Kenai and Soldotna.
Hub Northwest CEO Andy Prill said: “The addition of Patterson Insurance Brokers is strategic for our operational plans for Alaska. Kent and his team provide a presence in Anchorage that will allow us to expand in the state’s largest city, as well as provide a center of operations for our expanding presence throughout Alaska.
“I’m looking forward to working with Kent as we continue to grow in Alaska.
“Joining Hub is a great next step for Patterson Insurance Brokers and its staff as we expand our presence in Anchorage and the state. The broad scope of services and insurance solutions that Hub brings are invaluable for our clients and prospects. I am thrilled to be joining a great team and to have the opportunity to contribute to its success.”