A Letter from HWP Insurance’s President & CEO, Michael Cauley & Edward Bonifant
There are few milestones more meaningful than the one we recently reached.
On August 1, we completed the sale of HWP to HUB International, marking the beginning of an exciting new chapter for a company that has been serving the Washington, D.C. community for more than 110 years.
HWP’s story has always been about more than insurance. Through changing markets, evolving client needs, economic cycles and countless challenges, the firm has remained grounded in a simple mission: take care of our clients, support our people and do business the right way.
When we became stewards of HWP, we understood the responsibility that came with leading a company with such a rich history. Our goal was to honor the legacy built by those who came before us while positioning the firm for long-term success. Thanks to the dedication of an extraordinary team, the loyalty of our clients and the support of our carrier partners, HWP grew into the largest privately held insurance brokerage in Washington, D.C.
As proud as we are of what we accomplished independently, we also recognized that the future of our industry is evolving rapidly. Continued success increasingly requires greater scale, advanced technology, specialized expertise, broader resources and expanded opportunities for employees. After a thoughtful and deliberate process, we concluded that HUB International was the right long-term home for our clients, our colleagues, and the business we have spent decades building.
What stood out most to us about HUB was not simply its size or capabilities, but its culture. HUB shares our commitment to local relationships, exceptional client service, entrepreneurial leadership and investing in people. Joining HUB allows us to provide our clients with access to deeper expertise and broader resources while preserving the personal service and trusted relationships that have always defined HWP.
The benefits extend beyond our clients. For our employees, this partnership creates new career opportunities, enhanced training and development, stronger support systems, and the ability to grow within a world-class organization. For our clients, it strengthens the value and capabilities we can deliver every day.
While ownership has changed, our commitment has not. The same people, values and dedication to integrity, accountability, service and relationships remain firmly in place. Those principles have guided HWP for generations, and they will continue to guide us moving forward.
This milestone also provides an opportunity for gratitude. We are deeply thankful to everyone who has been part of HWP’s journey—our employees, past and present; our clients; our carrier partners; our families; and the many friends, advisors and colleagues who supported us along the way. Any success we achieved was the result of the trust, commitment and partnership of countless people over many years.
Building and leading HWP has been one of the greatest privileges of our professional lives. We are proud of the company’s history, proud of the people who made it successful and excited about what lies ahead as part of HUB International.
The HWP story is not ending. It is evolving. With greater capabilities, broader resources and expanded opportunities, we look forward to continuing to serve our clients and colleagues while building on the legacy that has defined HWP for more than a century.
Many thanks and continued appreciation,
Mike & Ed
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