Hub International Limited, a global insurance brokerage and financial services firm, has acquired the assets of Basi Insurance Services.
Basi provides commercial and personal insurance with a specialization in agribusiness and farm industry. The firm will complement Hub’s speciality practices and strengthen the firm’s existing capabilities.
“Basi Insurance Services’s multi-lines capabilities and deep relationships across several ag specialties will add significant value to our clients and further strengthen our comprehensive services in Northern and Central California,” said Michael Der Manouel, EVP of Hub California Central Valley.
“We’re excited to join Hub and provide a one-stop-shop for all of our clients’ growing needs,” said Basi. “We look forward to accessing Hub’s risk and compliance resources to grow our business and deliver a higher value to clients.”
MarshBerry served as financial advisor to Basi Insurance Services in the transaction.