Hub International Ltd., the Chicago-based insurance broker, announced it has acquired Benefit Broker Services Inc.
Terms of the acquisition were not disclosed.
Located in Wallaceburg, Ontario, Benefit Broker provides innovative solutions around employee benefits and pension plans. This deal supports “Hub’s ongoing Canadian employee benefits acquisition and services strategy to assemble best-in-class capabilities and entrepreneurial talent across Canada to develop a complete employee benefits solution,” said Hub in a statement.
Scott and Stacey Ewing of Benefit Broker will join Hub Ontario, reporting to Rob Tamblyn, president of Employee Benefits, Southwest region of Hub Ontario.
This acquisition follows two additional Ontario-based deals, also announced this month. Hub purchased Southland Insurance Brokers Inc., a broker that has provided Ontario customers with home, auto, travel and commercial insurance for more than 50 years. In addition, Hub acquired the property and casualty insurance business of Cypher Systems Group Inc. (CSG), an insurance broker servicing large Canadian group and affinity programs.
Hub said it is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise.
Source: Hub International Ltd.
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