International brokerage Hub International Limited has announced that it has acquired the assets of Texas-based Catto & Catto, Inc. and Catto & Catto Benefits Group (collectively Catto & Catto). Terms of the transaction were not disclosed.
Catto & Catto provides commercial and personal insurance, risk management, surety, benefits and wellness services. It specializes in various industries including construction and real estate. The acquisition supports Hub’s specialty practices by complementing and strengthening its existing capabilities, Hub said.
“Hub continues to grow its capabilities and further enhance our reputation in the region with the addition of Catto & Catto,” said Martin Yung, president and CEO of Hub Texas. “We are focused on providing the highest quality of service to our clients. With Catto & Catto, clients will benefit from their depth of expertise and invaluable insight.”
Jaimie Hayne, CEO of Catto & Catto, and the Catto & Catto team will join Hub Texas.
“Hub has a strong reputation in the market,” Hayne said. “Their depth of resources and national platform makes them a great fit for us as we continue to grow. We bring to Hub our fantastic team, a unique balance of employee benefits and P&C, a long history in Texas and a group of wonderful and very loyal clients.”
