Posted on 05 Jan 2012
Hub International Limited (Hub) announced today that it has acquired the assets of Patrion Insurance Services (Patrion), a Riverside, California-based insurance brokerage firm. Terms of the acquisition were not disclosed. The Patrion operation will become part of the California operations of Hub International Insurance Services (Hub California) and operate out of Hub’s existing office in Riverside.
Patrion is an affiliate of Altura Credit Union, with over 30 years of providing insurance and risk management solutions. As a full service agency, Patrion offers a complete range of personal, commercial, and employee benefits products and services to a client base throughout southern California. Patrion will now be able to offer their customers additional products, market relationships, and services as part of the tenth largest global insurance brokerage firm.
As part of this transaction, Hub will also establish a strategic partnership with Altura Credit Union to support the insurance and risk management needs of their Members. Based on common values and the geographic footprint of both organizations, Altura and Hub will continue to develop their business relationship for the future.