Martin Hughes News

Business Moves

The Hartford As reported from sources by Reuters, Hartford Financial Services Group, Inc. is trying to sell its property/casualty insurance business, as it reels from massive losses. The Hartford has retained Goldman Sachs, which has been calling potential bidders for …

Hub Sells ABCO Insurance Wholesaler to Former Owner

Insurance broker Hub International Limited is selling some of its Florida wholesale and specialty insurance business back to a previous owner. Hub said it is selling Hub International Florida, including wholesaler ABCO Insurance Underwriters and ABCO Premium Finance, in addition …

2008 Quotes to Remember… and Forget

“You always find out who’s been swimming naked when the tide goes out. We found out that Wall Street has been kind of a nudist beach.” —Warren Buffett on the credit crisis “As a strong supporter of free enterprise, I …

Regional Brokerages Not Immune to Slump, Execs Say

Large regional insurance brokers won’t be immune from the cyclical downturn hitting many sectors of the insurance industry. Although geographic and product-line diversification will offer some protection and a few brokers report success in negotiating higher commission rates, some experts …

Regional Brokerages Not Immune To Slump, Execs Say

Large, regional brokers won’t be immune from the cyclical downturn hitting many sectors of the insurance industry. Although geographic and product-line diversification will offer some protection from the insurance slump and a few brokers report success in negotiating higher commission …

Regional Brokerages Not Immune To Slump

For regional brokers, a saving grace has been diversification. Large regional insurance brokers won’t be immune from the cyclical downturn hitting many sectors of the insurance industry. Although geographic and product-line diversification will offer some protection from the insurance slump …

Regional Brokerages Not Immune To Slump, Execs Say

Large regional insurance brokers won’t be immune from the cyclical downturn hitting many sectors of the insurance industry. Although geographic and product-line diversification will offer some protection from the insurance slump and a few brokers report success in negotiating higher …

Hub International Acquires Scheer’s, Inc.

Hub International Limited announced today that it has acquired Scheer’s, Inc. one of the largest privately-owned retail insurance brokerages in the United States specializing in surety bonds. Scheer’s, headquartered in the Chicago suburb of Westmont, will become a new regional …

Hub International Being Bought for $1.8 Billion; $40 per Share

Hub International Limited, which got its start in 1998 when 11 Canadian brokers merged and has since grown through acquisitions into one of the largest insurance brokers in North America, is being acquired by funds advised by Apax Partners together …

HUB International to Acquire La.’s Hibernia Insurance Agency

Chicago-based HUB International Limited announced it has agreed to acquire substantially all of the assets of Louisiana-based insurance brokerage, Hibernia Insurance Agency L.L.C. Hibernia Insurance, an $18 million revenue brokerage firm, will become a new regional platform (hub) doing business …