Hub International Ltd., a Chicago-based insurance broker, announced it has acquired the assets of W.R. Carey Corp.
Terms of the transaction were not disclosed.
Located in Winnipeg, Manitoba, Canada, Carey Corp. is an independent employee benefits consulting firm providing a broad array of benefits programs, including benefits plan consulting and group retirement services, said Hub in a statement.
Bill Carey, an actuary, along with all the employees of Carey Corp. will join Hub International Manitoba Ltd. (Hub Manitoba).
“Carey Corp. has an excellent and established reputation as an employee benefits consultant and broker, with over 30 years of experience,” said Keith Jordan, president and CEO of Hub Manitoba. “They will further expand our platform to deliver a best-in-class employee benefits service experience to our clients.”.
“Ongoing and expanded service to our clients is of utmost importance to us. All Carey Corp. employees, me included, will continue on at Hub. We will personally continue to work with and service our clients, as we have always done,” said Carey.
“With the continued expansion of Hub’s employee benefits solutions in Canada, its recognized insurance and risk services, its local size and expertise in the Winnipeg office, and its international reach, Hub is the ideal firm for us and our clients to join and with which to continue to advise clients on a broad range of employee benefit issues,” he added.
The deal is another in Hub’s string of employee benefits acquisitions in Canada.
Source: Hub International
Topics Mergers & Acquisitions Canada
Was this article valuable?
Here are more articles you may enjoy.
Trump’s Bond Insurer Tells Judge Shortfall Is ‘Inconceivable’ 
Allstate Reports $731M in Q1 Pretax Catastrophe Losses 
Dubai Floods Expose Weaknesses to a Rapidly Changing Climate 
How California’s Huge Raises for Fast-Food Workers Will Ripple Across Industries 
