Aug 6, 2015 – Hub International acquires Denver based Colorado Nonprofit Insurance Agency
Hub International announces acquisition
Colorado Nonprofit Insurance Agency
Chicago August 6, 2015 – Hub International Limited (Hub), a leading global insurance
brokerage, announced today that it has acquired Colorado Nonprofit Insurance Agency
(CNIA), a wholly owned subsidiary of the Colorado Nonprofit Association (Association).
Terms of the acquisition were not disclosed. CNIA, a full-service agency offering
property and casualty and employee benefits solutions to Association members, will
become part of the Hub Colorado operations.
The Association established CNIA in 1996 as a benefit to its membership, providing
leading and pre-approved insurance products and services that are most appropriate for
Colorado nonprofits. Hub will retain the endorsement of the Association as its insurance
broker of choice. Additionally, CNIA maintains an exclusive relationship with its lead
carrier, Alliance of Nonprofits for Insurance, Risk Retention Group (ANI), a nonprofit
organization of The Nonprofit Insurance Alliance Group. Hub will maintain this
established, exclusive relationship with ANI in Colorado.
“Hub Colorado has had a long-standing relationship with the leadership of the Colorado
Nonprofit Association for many years and we are privileged to now be their broker of
record,” noted Matt Coleman, President, Hub Colorado. “We’re excited to bring the
Association members additional specialized nonprofit commercial and employee benefit
insurance solutions and risk services.”
Sharing in Coleman’s sentiment, Renny Fagan, President & CEO of the Colorado
Nonprofit Association, stated, “We believe strongly in Hub’s ability to enhance insurance
services provided not only to our members, but the Colorado nonprofit community as a
whole. We look forward to working closely with Hub now and in the future to continue
addressing the unique insurance needs of nonprofit organizations.”
Robin Medina, CNIA’s CEO, will join Hub Colorado as the Nonprofit Practice Leader.
She will report to Jeff Van Gulick, Senior Vice President, Commercial Lines Practice
Leader, Hub Colorado. CNIA, currently located in Denver, will relocate to Hub
Colorado’s existing Denver office.
Mystic Capital Advisors Group, LLC provided transaction advisory services to Hub
International. For more information on Mystic Capital, please contact Lorna Gunnersen
at 303-993-5652 or visit www.mysticcapital.com .
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