Worldwide brokerage Hub Worldwide Restricted has acquired the property of Seattle-based DeFranco Insurance coverage. Phrases of the transaction weren’t disclosed.
DeFranco Insurance coverage makes a speciality of private and industrial insurance coverage providers. As a part of the transaction, company president John DeFranco and his workforce will be part of Hub Northwest.
“DeFranco Insurance coverage has been a staple of the Seattle group for the final 70 years, and we’re excited for the chance to deliver our groups collectively,” stated Eric Schack, senior government vp of Hub Northwest. “This partnership additional strengthens our Hub Northwest model within the Puget Sound market.”
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“Our workforce is worked up concerning the partnership with Hub Northwest and the worth it’s going to deliver to our clients by the improved market entry and assist providers,” DeFranco stated. “This relationship will permit us to focus much more consideration on our present clients and improve our local people providing.”
