Hub acquires California brokerage

Hub International Ltd. said Thursday said it has acquired Merriwether & Williams Insurance Services Inc., a California-based woman- and minority-owned brokerage.

Terms of the transaction were not disclosed.

Merriwether & Williams provides contractor development and bonding programs, aligned risk management and special project consulting from locations in San Francisco and Los Angeles, Hub said in a statement.

President and CEO Ingrid Merriwether and the brokerage’s approximately 30 employees will join Hub Central & Northern California as Merriwether & Williams Insurance Services Inc., a Hub International company.

Ms. Merriwether will become president of Hub Aligned Risk Management Services, the statement said.

Darren Caesar, CEO of Hub Central & Northern California, said in the statement that the deal enhances Hub’s aligned risk and insurance capabilities.

Chicago-based Hub is the ninth largest broker of U.S. business, according to the most recent Business Insurance ranking.