Hub International Ltd, a Chicago-based insurance brokerage, said it acquired the assets of Carlsbad-based Marrs Maddocks & Associates Insurance Services Inc. for an undisclosed price.
MM&A, led by Richard and Daniel Marrs and Nancy Maddocks, will become part of the California operations of Hub International. All three of the principals and their staff will join Hub California and maintain their existing office. With the acquisition, Hub California has 30 offices and more than 850 employees in the state.
The MM&A operations will report to Mike Barone, national president, employee benefits, Hub International, the company said.