Chicago-based Hub International Limited announced today it has acquired the assets of Maritime Insurance Group Inc., which has offices in Sheboygan, Manitowoc and Plymouth, Wis.
Maritime will become part of Hub International Midwest (Hub Midwest). Mike Mrdjenovich, president of Maritime, will join the organization, reporting to Neil Hughes, president and chief executive officer of Hub Midwest.
Financial terms of the acquisition were not disclosed.
Maritime is a full service retail brokerage offering commercial lines, personal lines, employee benefits programs and financial services.
“We are pleased to welcome the talented team from Maritime to Hub,” said Hughes. “As one of the leading diversified insurance brokers in Wisconsin, they have built an impressive client base. We look forward to working with their established customers and for Hub to have a stronger presence in this territory.”