Chicago-based insurance broker Hub International Ltd. said it has acquired Gemini Group Inc., a Denver-based employee benefits broker and consulting firm. Financial terms were not released.
Gemini was formed in 2002 by Rod Regalado, George Issaeff and Danny Talley as a merger of their individually owned brokerages.
Mr. Regalado will now assume responsibilities as Hub's employee benefits practice leader for Colorado, and Mr. Issaeff and Mr. Talley will continue serving as senior consultants and brokers working with key clients.
Gemini's operations, numbering 40 employees, will combine with Hub's existing Denver operations as part of Hub International Southwest. Hub said the merger would create one of the largest employee benefits brokerage and consultant firms in Colorado.
The combined employee benefits operations, together with Hub's existing property-casualty and personal lines brokerage practices in Denver, will operate from Gemini's current office.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.