Martin Hughes News

People and Places

Frank Renfro Kokomo, Ind.-based First National Bank & Trust announced the promotion of Frank Renfro to the position of president of First National Insurance, a wholly-owned subsidiary. Renfro was promoted to the position following the promotion of John O’Donnell to …

Hub’s 2003 Revenues Up by 24%

Chicago-based brokerage Hub International Ltd. reported that 2003 net earnings increased 24 percent to $36.5 million as revenue grew 30 percent to $286.4 million, boosted by organic growth and a strong Canadian dollar. Diluted earnings per share for the year …

Hub Announces New Roles for Key Execs

Chicago-based brokerage Hub International Ltd. announced that several of its senior managers have taken on new responsibilities in a redeployment aimed at accelerated growth. Martin P. Hughes, Hub’s chairman and CEO, said the changes are part of an ongoing effort …

The Strange Saga of Near North National Group’s Michael Segal

Powerful Friends, Enemy Insiders and Embezzlement Charges We are destroyed as of today,” Michael Segal, owner of Chicago-based Near North National Group, told me several weeks ago in his 20th-floor office in the John Hancock Tower. The group’s subsidiary, Near …

The Strange Saga of Near North National Group’s Michael Segal

Powerful Friends, Enemy Insiders and Embezzlement Charges We are destroyed as of today,” Michael Segal, owner of Chicago-based Near North National Group, told me several weeks ago in his 20th-floor office in the John Hancock Tower. The group’s subsidiary, Near …

The Strange Saga of Near North National Group’s Michael Segal

Powerful Friends, Enemy Insiders and Embezzlement Charges We are destroyed as of today,” Michael Segal, owner of Chicago-based Near North National Group, told me several weeks ago in his 20th-floor office in the John Hancock Tower. The group’s subsidiary, Near …

The Strange Saga of Near North’s Michael Segal

We are destroyed as of today,” Michael Segal, owner of Chicago-based Near North National Group, told me several weeks ago in his 20th-floor office in the John Hancock Tower. The group’s subsidiary, Near North Insurance Brokerage Inc. (NNIB), was Chicago’s …

Hub Posts Strong 3Q Growth

Chicago-based brokerage Hub International Ltd. reported a 31 percent increase in revenue and 26 percent growth of net earnings for the third quarter, due to both organic growth of 11 percent and the impact of acquisitions. Diluted earnings per share …

Hub International Acquires N.J.’s Sondheim & Laughlin, Mass. Commonwealth Insurance Agency

Chicago-based Hub International announced two new acquisitions to its growing network of regional brokerages. It has acquired the stock of Sondheim & Laughlin, Inc. of Iselin, New Jersey and the assets of Commonwealth Insurance Agency, Inc. of Lowell, Massachusetts, both …

Hub International Ends Negotiations with Near North

Chicago-based Hub International Limited reported it has terminated negotiations to acquire substantially all of the insurance brokerage operating assets of Near North National Group. Hub had announced the signing of a proposal for the purchase on July 25, 2003. “Although …