Chicago-based global insurance brokerage HUB International Limited (Hub) has acquired the assets of Hollis Companies L.L.C. (Hollis Companies) and The Employee Benefits Corporation (TEBC), located in Metairie, Louisiana.
Terms of the transaction were not disclosed.
TEBC and Hollis Companies are an employee benefits consulting firm providing benefits solutions, workplace-wellness plans and guidance on compliance issues to clients.
Michael Hollis, president and CEO of TEBC and Hollis Companies, will join Hub Gulf South and report to Hub Gulf South President Shaun Norris.
Hub International Limited provides property and casualty,life and health, employee benefits, investment and risk management products and services.
Source: Hub International Limited
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