6 March 2023Analysis

Hub International bolsters business with the purchase of independent agency

US insurance broker Hub International has bought the assets of independent insurance agency Dwight Andrus & Richard Insurance and Dwight W. Andrus Insurance, and DAI Shreve for an undisclosed sum.

Headquartered in Lafayette, Louisiana, and with six additional locations in the state, Dwight Andrus Insurance is one of the largest independent insurance agencies in the country, with 130 employees. It provides commercial insurance, surety and bonding, captive and alternative risk insurance, as well as personal insurance and employee benefits.

“The Dwight Andrus Insurance team’s decision to partner with Hub reinforces our position as the broker of choice across the Gulf South region,” said Shaun Norris, president of Hub Gulf South. “With the addition of Dwight Andrus Insurance, we double our commercial insurance presence in the region while adding a significant sales force concentrated in the western half of our state. This transaction represents one of the largest of its kind in Louisiana.”

Dwight Andrus IV, CEO and president of Dwight Andrus Insurance, said: “Joining Hub is a great move for Dwight Andrus Insurance – its employees, clients and community.

“We will continue operating in the way that has made us successful while having access to the benefits, tools and resources that come with the 5th largest global broker.”