Global insurance brokerage Hub International has acquired the assets of Cranbrook Bloomfield Insurance Agency (CBIA). Terms of the transaction were not disclosed.
Headquartered in Bloomfield Hills, Michigan, CBIA is an independent insurance brokerage that provides personal and commercial insurance, and employee benefits solutions.
Agency principals John Williamson and Mark Barrett will join Hub Midwest East.
Hub recently announced the acquisition of Hamman-Miller-Beauchamp-Deeble, a full service insurance agency providing multi-line insurance solutions.
The acquisition is expected to support Hub’s specialty practices by complementing and strengthening its existing capabilities.