Insurance Technology Industry News

TMCNet:  Hub International Acquires CFR

[January 03, 2013]

Hub International Acquires CFR

CHICAGO --(Business Wire)--

Hub International Limited (Hub) announced today that it has acquired CFR, Inc. (CFR), a Tulsa, Oklahoma-based insurance brokerage firm. Terms of the acquisition were not disclosed. The operations will form a new regional Hub called Hub International CFR. Jack Allen, Jr., Chairman, Robert Gardner, CEO, and Trey Biggs, President, will join Hub, reporting to Roy Taylor, President, Western Region, Hub International.

CFR is one of the largest independent insurance agencies in the state of Oklahoma, and is a full service firm offering property and casualty, employee benefits, surety and personal lines products ad services. They are the endorsed brokerage of The Oklahoma State Homebuilders Association. Additionally, they work with businesses across many industries, including Non-Profit, Healthcare, Manufacturing, Energy, and Real Estate. Their personal lines group arranges programs for many high net worth individuals. CFR has two locations, in Tulsa and Oklahoma City. In 2012, they were voted as "Best Place to Work in Oklahoma" by okcMagazine.

"CFR has established a well-diversified client roster, providing sophisticated and innovative solutions to its customers," said Roy Taylor. "Their staff of seasoned professionals will be an excellent addition to our organization and we welcome them to the Hub family. This acquisition realizes our goal of establishing a meaningful operation in Oklahoma."

Headquartered in Chicago, IL, Hub International Limited is a leading global insurance brokerage that provides a broad array of property and casualty, reinsurance, life and health, employee benefits, investment and risk management products and services through offices located in the United States, Canada, Puerto Rico, and Brazil.


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