Hub International Ltd., a Chicago-based global insurance brokerage, announced it has acquired ProCorp Financial Inc.
Terms of the transaction were not disclosed.
Based in Ottawa, Ontario, Canada, ProCorp Financial is a boutique benefits and retirement consulting firm, specializing in estate planning, group benefits, life insurance, critical illness insurance, disability insurance and others.
“We are thrilled to welcome Hugh and the ProCorp Financial team to Hub,” said Gregory Belton, executive chairman of Hub International Ontario Ltd. “ProCorp Financial has a comprehensive array of product offerings that are well aligned to further expand our employee benefits solutions in Canada.”
Hugh Doyle, president of ProCorp Financial, will join Hub Ontario and report to Matt Lievers, president of Employee Benefits & Retirement, Hub Ontario.
The move continues to reinforce Hub’s ongoing Canadian employee benefits growth and services strategy to expand its best-in-class employee benefits and retirement solution.
“What I found most compelling about Hub is their continued growth and strategy to provide the highest quality of employee benefits and pension solution to clients,” said Doyle. “We are excited to help in this effort as we will provide clients with greater support while building an enhanced service experience for them.”
Source: Hub International Ltd.
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