International insurance coverage dealer Hub Worldwide Restricted has acquired the property of Wyoming Monetary Insurance coverage (WYFI), the most important independently owned insurance coverage company in Wyoming. Phrases of the transaction weren’t disclosed.
WYFI has practically a dozen places all through the state. It supplies commercial insurance, private traces and high-net-worth/mass prosperous merchandise, worker advantages and surety bonds. WYFI makes a speciality of a number of industries, together with development, healthcare, hospitality, and transportation.
“We’re bringing collectively two elite corporations within the state of Wyoming to offer the very best degree of experience and native market assist to all shoppers,” mentioned Rene LeVeaux, president of Hub Mountain. “We’re dedicated to our continued development within the area to profit our mixed shoppers.”
Learn extra: Hub snaps up Kansas agency
Artwork Hansen, president of WYFI, Mike Kretzer, CFO, and Bob Moberly, CEO, is not going to be becoming a member of Hub with the acquisition. Nevertheless, the remainder of the WYFI staff will be part of Hub Mountain.
“We acknowledged a powerful strategic alignment with Hub concerning imaginative and prescient, entrepreneurial tradition and experience,” Hansen mentioned. “This partnership will assist understand the worth of the WYFI staff’s life work, proceed our upward trajectory and leverage the expertise, depth and breadth of sources from each corporations to ship distinctive service to shoppers in Wyoming.”