Hub International Acquires Ontario-Based LSM Insurance Services

Hub International Ltd., a Chicago-based insurance brokerage, announced that it has acquired LSM Insurance Services Ltd. (LSM).

Terms of the transaction were not disclosed.

Headquartered in Markham, Ontario, Canada, LSM is a leading online provider of life and health insurance solutions. The LSM team has a combined 100 years of experience in the life insurance industry.

LSM specializes in the hard-to-insure market and helps find affordable life insurance solutions for clients with health issues. Lorne Marr, owner and director of LSM, will join Hub Financial Inc., a subsidiary of Hub.

“This is an exciting opportunity for us,” said Marr. “We look forward to helping Hub Financial build the most robust lead generation program in the industry.”

With offices in 15 cities across Canada, Hub Financial Inc. is a distributor of life insurance and investment solutions to advisers, providing local support and the security of national scope and size, the company said.

Source: Hub International Ltd.

Topics Mergers & Acquisitions