Hub International Buys Canada Employee Benefits Consultant, Regency Advisory Corp.

Hub International Ltd., the Chicago-based insurance broker, announced it has acquired the Canadian employee consulting firm, Regency Advisory Corp.

Terms of the transaction were not disclosed.

Located in Saskatoon, Saskatchewan, Canada, Regency Advisory Corp. “provides innovative and proprietary benefit solutions to move clients to more cost sustainable and value-added benefits programs,” said Hub in a statement.

“We continue to build on our efforts to add talented organizations like Regency to boost our employee benefits and pension capabilities in Canada,” said Keith Jordan, president and CEO of Hub International Manitoba Ltd. “Regency has been involved in many facets of employee benefits, and will be a great collaborator for innovation and drive client-centric services and solutions.”

Darwin Forbes, CEO & executive benefits consultant, and Ian DeCorby, vice president, at Regency, will join Hub Manitoba.

“We are joining Hub with our client’s interests first,” said Forbes. “With Hub, we will enhance their overall experience with an expansion of our available services and resources to continue to provide best-in-class employee benefits programs.”

Source: Hub International Ltd.

Topics Mergers & Acquisitions Canada