Hub International Ltd. said it has acquired Fredricksen Insurance Services, a Hemet, Calif.-based wholesale brokerage that deals primarily in equine and agriculture related risks. Financial terms were not released.

Fredricksen, Hub said, has been in business since 1986 placing equine and agriculture related insurance risks throughout the United States on a wholesale basis. Hub also acquired PMT, Fredricksen’s retail brokerage subsidiary, with 12 employees.

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