Hub International Limited Acquires Demarie Insurance Agency
Hub International Limited has acquired the assets of FGLP Equity Partners LLC, operating as Demarie Insurance Agency. The financial terms of this transaction were not disclosed.
Demarie Insurance, based in Lake Charles, Louisiana, specializes in both commercial and personal insurance services. Following this acquisition, the Demarie Insurance team will integrate with Hub Gulf South. Shaun Norris, president of Hub Gulf South, stated that this addition aligns with their strategy to enhance capabilities and strengthen regional presence.
Principal Aric Pohorelsky and the Demarie Insurance team will transition to Hub Gulf South, with Pohorelsky noting that this move provides access to additional resources through Hub. The agency will continue to operate as Demarie Insurance, a Hub International company.
This acquisition is part of Hub International’s ongoing mergers and acquisitions strategy, which is central to their growth model. Hub has been active in acquiring firms across North America, focusing on those that enhance service capabilities, extend geographic reach, or offer specialized expertise. The firm continues to target opportunities in key sectors such as commercial and personal insurance, employee benefits, retirement planning, and risk advisory.
Hub’s approach typically involves retaining local leadership and branding to maintain client continuity while integrating acquired firms into its broader platform to scale service delivery. Their strategy also includes expansion into emerging areas like digital distribution and embedded insurance.
Recently, Hub acquired the assets of EB Specialists Inc., operating as Guru of Insurance, and Allegiant Global Partners (AGP), though financial terms for these transactions were also undisclosed. Guru of Insurance, based in King George, Virginia, provides employee benefits planning and group benefits services, with David Rao, its president, and his team joining Hub Mid-Atlantic. The firm will operate as Guru of Insurance, a Hub International company.
AGP, headquartered in Boston, Massachusetts, advises global employers on international health, welfare, and risk strategies, serving clients that include international NGOs, higher education institutions, and domestic nonprofit organizations.
