Hub International to acquire HMBD Insurance Services.

Hub International, a global insurance brokerage, agreed to acquire HMBD Insurance Services, a full service, multi-line insurance agency licensed throughout the United States. Financial terms were not disclosed. “HMBD is a solid fit with our growth strategy with proven specialized capabilities in key industries that will expand the scope of our insurance solutions. They will be a huge asset to our clients in the region,” Andrew Forchelli, Hub Los Angeles Regional Leader.