Hub International Acquires Canada’s Mones Insurance Brokers

November 9, 2009

Chicago-based insurance broker Hub International Limited has acquired Mones & Associates Insurance Brokers Inc., one of the largest personal and commercial insurance brokers in western and northern Canada with approximately $10 million in annual revenue, from Aviva Canada Inc.

Mones also operates under the name of Arctic Insurance Brokers Ltd in select markets. As a result of this acquisition, Hub will expand its operations to the following seven new locations in Canada: Edmonton, Calgary, Saskatoon, Prince Albert, Iqaluit, Whitehorse and Yellowknife. Terms of the acquisition were not disclosed.

Mones will become part of the Hub International Barton operation, based in Chilliwack, British Columbia.

Was this article valuable?

Here are more articles you may enjoy.