Hub International Limited Seals Deal With J.P. Flanagan Corp.

June 19, 2001

Hub International Limited, an international insurance brokerage which provides a broad range of products through offices in Canada and the U.S., signed a deal to purchase J.P. Flanagan Corp., an insurance agency offering brokerage services from its main office in Chicago, along with its satellite offices in Baltimore, Cleveland, Denver and New York.

Hub is continuing expansion into the U.S., having recently acquired Kaye Group Inc. (a transaction expected to be completed in the second quarter of 2001).

J.P. Flanagan will combine with Hub International’s current Chicago-based subsidiary, Mack and Parker, Inc., to continue developing, marketing and delivering insurance products and services.

Joseph Flanagan, founder and President of J.P. Flanagan Corp., was appointed to Hub International’s executive committee and named executive vice president of Mack and Parker Inc.

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