US-based insurance brokerage firm Hub International has purchased the assets of California-based Framberger Employee Benefits & Insurance Services.
Terms of the deal have not been disclosed.
The acquired business will be included in the California operations of Hub International Insurance Services (Hub California).
Framberger owner Connie Framberger will act as vice president for Hub California and report to its senior executive vice president Darren Caesar.
Based in San Luis Obispo, Framberger provides health, life, dental, vision, long-term care, disability and supplemental insurance for both groups and individuals.
The deal will also provide Framberger’s clients with expanded benefits solutions, including strategic benefits planning, population health management, employee engagement and communication, healthcare reform guidance and compliance and exchange technology solutions.
Hub International offers property and casualty, life and health, employee benefits, investment and risk management products and services in the North America.