Firms have had “a protracted and collaborative relationship”
Worldwide dealer Hub Worldwide Restricted has introduced that it has acquired the property of Crimson Rocks Monetary. The phrases of the transaction weren’t disclosed.
Based in 2004, Crimson Rocks Monetary supplies specialty insurance coverage services to monetary establishments nationwide. The acquisition helps Hub’s monetary establishments’ practices by complementing and strengthening its current talents, Hub stated.
“We’re pleased with the enterprise we’ve got constructed within the monetary establishment market and recognize the belief and confidence our shoppers have positioned in us for therefore a few years,” said Jeff Stuepfert, president of Red Rock Financial. “Hub offers us the dimensions, scope, and extra assets of being half of a bigger, specialty-focused group. By becoming a member of forces, we will provide our shoppers an expanded vary of services, whereas nonetheless offering the identical stage of experience and customer support that they’ve come to anticipate from us.”
Crimson Rock Monetary will be a part of Hub’s banking monetary establishment unit, Hub Monetary Companies.
“We’re thrilled to welcome the specialty monetary establishment follow of Crimson Rock Monetary to Hub Monetary Companies,” stated Scott Eckerty, president of Hub Monetary Companies. “We’ve had a protracted and collaborative relationship with Crimson Rock Monetary. Their experience in offering insurance coverage options for monetary establishments will improve our capabilities and allow us to supply a excessive stage of service to our shoppers on this market.”
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