Hub swoops for Texas company
International brokerage firm Hub International Limited has announced that it has acquired the assets of Texas-based Catto & Catto, Inc. and the Catto & Catto Benefits Group (collectively Catto & Catto). The terms of the transaction were not disclosed.
Catto & Catto offers commercial and personal insurance, risk management, guarantees, benefits and wellness services. It specializes in a variety of industries including construction and real estate. The acquisition supports Hub’s specialty practices by complementing and strengthening existing capabilities, Hub said.
“Hub continues to expand its capabilities and improve our reputation in the region with the addition of Catto & Catto,” said Martin Yung, President and CEO of Hub Texas. “We concentrate on offering our customers the highest quality of service. With Catto & Catto, customers benefit from their in-depth specialist knowledge and invaluable knowledge. “
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Jaimie Hayne, CEO of Catto & Catto, and the Catto & Catto team will join Hub Texas.
“Hub has a good reputation in the market,” said Hayne. “Their extensive resources and national platform make them a good addition for us as we continue to grow. We bring our fantastic team, a unique balance between benefits and P&C, a long history in Texas and a group of wonderful and very loyal customers to Hub. “