Martin Hughes News

Hub Acquires Vermont-Based Transportation Agency Coburn

Hub International Limited said it plans to accelerate its penetration of the transportation insurance market by acquiring Vermont-based Coburn Insurance Agency, Inc. The $9 million revenue broker has entered into a letter of intent with Hub International Transportation Insurance Services …

Hub Names Pauls to Lead Ontario Unit

Hub International Limited has named Dennis J. Pauls, who has served as the company’s CFO for over six years, as president and CEO of Hub International Ontario Limited, one of the company’s regional hubs. Pauls will assume his new role …

Hub International Earnings Rise Sharply for 2nd Quarter

Hub International reported a 32 percent increase in revenue and a 286% increase in net earnings from continuing operations for Hub International Limited in the second quarter ended June 30, 2006 attributing the results to strong internal growth, acquisition revenue …

Hub, Citizens Bank on ‘Not Your Typical’ Insurance Agency Deal

“Not Your Typical Bank,” the slogan used by Citizens Financial Group in its popular consumer-friendly ads, seems to apply to the bank’s latest move, the selling off of its respected insurance agencies. It is not a typical transaction. The bank …

Citizens Financial banks on ‘not your typical’ insurance agency sale

Not Your Typical Bank,” the slogan used by Citizens Financial Group in its consumer ads, seems to apply to the bank’s latest move, the selling off of its respected insurance agencies. It is not a typical sale. The bank did …

Citizens Bank Selling Insurance Agencies to Hub International

Citizens Financial Group is selling its considerable insurance agency businesses to Hub International Limited in a deal that includes a strategic alliance between the two for future sales and marketing. Hub will purchase three large insurance brokerages from subsidiaries of …

Business Moves

Bollinger, MLW Services Bollinger Inc. has acquired MLW Services Inc. of New York. The principals of MLW, Andrew Marks, president and CEO, Bert Linder, executive vice president and Chuck Weisblum, chairman, will continue in executive capacities with Bollinger. According to …

Business Moves

Brown & Brown, Axiom The acquisition of the assets of Axiom Intermediaries LLC of Stony Creek, N.C. has been completed by Brown & Brown Inc. of Daytona Beach, Fla. Axiom Intermediaries, with approximately $14.0 million in annualized revenues, is a …

Hub International Reports Management Buyout of Talbot Financial

Hub International Limited reported the sale of its Talbot Financial hub, based in San Francisco, to a buyout group including four members of management. Terms of the transaction were not disclosed. Talbot Financial, one of four hubs created after the …

Chubb Sells Personal Lines Insurance Brokerage to Hub International

Chubb Corporation announced that it has entered into an agreement to sell Personal Lines Insurance Brokerage, Inc. (PLI) to Chicago-based Hub International Limited. The transaction is expected to close within 60 days, subject to customary closing conditions. Terms of the …