Hub International Limited has acquired life insurance portfolio from Standard International Underwriters Ltd. Details of the purchase by the Toronto-based Hub Financial Inc.were not disclosed.
Both HUB Financial and SIU are managing general agencies operating in all provinces of Canada. HUB Financial will integrate the SIU servicing activities into its existing operations.
“SIU’s servicing activities on behalf of thousands of independent life insurance brokers are similar to some of our own servicing relationships, leading us to anticipate a smooth integration,” said Terri DiFlorio, president of HUB Financial.
Headquartered in Chicago, Hub International Limited is a North American insurance brokerage with offices in the United States and Canada.
Source: Hub International
Topics Mergers & Acquisitions Agencies Canada
Was this article valuable?
Here are more articles you may enjoy.
Brown & Brown Reports Strong Q3 Revenue Growth of 35.4% 
Satellite Data Reveals Hurricane Melissa Damage in Jamaica 
Security First the Latest in Florida to Announce Home Insurance Rate Cut 
Alaska Airlines Vows IT Upgrades After Outage Forces 400 Flight Cancellations 
