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Wednesday, May 23, 2018
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Clearwater bank sells its insurance division

Clearwater’s USAmeriBank has sold its insurance division, Connelly, Carlisle, Fields & Nichols, to the Chicago-based insurance brokerage Hub International Ltd.

USAmeriBank has owned Connelly, Carlisle, also known as CCF&N, outright since last year. On Tuesday, it announced it has sold the company to Hub International for undisclosed sum. CCF&N managing partner John Connelly will serve as chief executive officer of Hub International Florida, a press release said.

The acquisition will help Hub International expand in Florida, the release said. CCF&N has offices in Clearwater and Tampa and offers commercial insurance, employee benefits consulting and insurance services for high-net-worth individuals. Hub International is an insurance brokerage with offices in the United States, Canada and Latin America.

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