Hub snaps up Puerto Rico broker in expansion move

Global insurance brokerage Hub International has acquired certain assets of Puerto Rico-based Christiansen Insurance Group, a full-service insurance firm specialising in property and casualty, personal insurance and employee benefits solutions.

Hub said the move is in line with its ambition to grow organically and through acquisitions to expand its geographic footprint and strengthen product expertise.

Ralph Christiansen, president of Christiansen Insurance Group, will join Hub Puerto Rico as senior executive vice president and report to Antonio Casellas, president and CEO of the region.

"We are excited to join Hub and work with an extraordinary group of talented professionals," Christiansen. "With Hub, we will now have access to more markets, services and resources to continue to grow and assist our clients."