Global insurance broker Hub International Limited acquired the assets of Wyoming Financial Insurance (WYFI), the largest independent property insurance agency in Wyoming. The terms of the transaction were not disclosed.
WYFI has almost a dozen locations across the state. He provides Commercial insurance, personal lines and products with a high net / mass affluent value, employee benefits and guarantees. WYFI specializes in several sectors, including construction, healthcare, hospitality and transportation.
“We are bringing together two elite firms in the state of Wyoming to provide the highest level of experience and local market support to all clients,” said Rene LeVeaux, president of Hub Mountain. “We are committed to our continued growth in the region to benefit our combined customers.”
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Art Hansen, president of WYFI, Mike Kretzer, CFO, and Bob Moberly, CEO, will not join the Hub with the acquisition. However, the rest of the WYFI team will join Hub Mountain.
“We recognize a strong strategic alignment with the Hub in terms of vision, entrepreneurial culture and experience,” said Hansen. “This partnership will help to realize the value of the WYFI team’s lifelong work, continue our upward trajectory and take advantage of the experience, depth and breadth of resources of both companies to provide exceptional services to customers in Wyoming.”