Hub International Ltd., the Chicago-based global insurance brokerage, announced it has acquired Mainline Insurance Brokers Inc., Indian Head Agencies (1980) Ltd., R&J McKay Agencies Ltd. and Cathedral Insurance Services (1995) Ltd. — all known as Mainline.
Terms of the acquisition were not disclosed.
Based in southeastern Saskatchewan, Canada, Mainline has 16 offices throughout the province and is a property and casualty and personal lines insurance solutions provider. Doug Trapp, CEO, Mainline, will join Hub Manitoba and report to Keith Jordan, president, Hub Manitoba.
“We are excited to expand our geographic footprint into southeastern Saskatchewan. The Mainline partners have built a tremendous organization of insurance professionals and experts. The partners of Mainline have been very community focused, and developed great relationships that Hub will continue to grow,” said Jordan.
Trapp said, “The Mainline team is extremely excited to join forces with Hub. Hub’s reputation and operating philosophy were important factors in our decision to align with them. As part of Hub, we’ll draw upon the resources and expertise of an international insurance brokerage while retaining our commitment to local client and community service.”
About Mainline
Mainline Insurance Brokers Inc. (MIB) was founded in 1991 in Grenfell, Saskatchewan as an “association” of insurance brokers, which formed a corporation, according to the company’s website.
Topics Mergers & Acquisitions Agencies Canada
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