Hub sells Hub International Florida to Fortun

Jonathan Rest

US BROKER Hub is to sell its Hub International Florida business, which includes ABCO Insurance Underwriters, ABCO Premium Finance and a specialised commercial lines book of business. Hub is divesting primarily non-core revenue to Hector Fortun, the former owner of the brokerage which was initially purchased by Hub back in 2006. Hub will retain its personal lines business, based in Florida, and will continue to invest and grow in Florida as part of its strategy, the broker confirmed.