Hub International, a global insurance brokerage, has acquired the assets of Hollis Companies and The Employee Benefits Corporation (TEBC) for an undisclosed price.

Based in Metairie, Louisiana, The Employee Benefits Corporation and Hollis Companies are employee benefits consulting firms that offer benefits solutions, workplace-wellness plans, and also guidance on compliance issues to clients.

Shaun Norris – President of Hub Gulf South said: “Hollis Companies and TEBC are great additions to Hub. They create even greater potential in the markets we serve.

“Their expertise and existing relationships in the New Orleans marketplace will enhance our benefits practice and further deepen our footprint in this area.”

Michael Hollis, presently President and CEO of The Employee Benefits Corporation and Hollis Companies, will be joining Hub Gulf South, and report to Shaun Norris.

Michael Hollis said: “We are thrilled to be joining Hub and to work alongside an extraordinary group of highly committed and talented professionals.

“We are keen to grow our capabilities and services for our clients with Hub and look forward to bringing our team of professionals over to Hub.”

  Hollis Companies, Hub International, Insurance acquisition news, Insurance industry news, Michael Hollis, Shaun Norris, The Employee Benefits Corporation, USA