Hub International Ltd, a portfolio company of U.S. private equity firm Hellman & Friedman, has acquired HSBI Benefits Inc. No financial terms were disclosed. Based in Toronto, HSBI Benefits specializes in employee benefits insurance solutions. Its senior executives will join Hub Ontario. Hub, a Chicago-based insurance brokerage with significant operations in Canada, was acquired by Hellman & Friedman for about US$4.4 billion in October 2013.
Hub International Acquires Ontario-Based HSBI Benefits
July 06, 2016
CHICAGO–(BUSINESS WIRE)–Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired HSBI Benefits Inc (HSBI Benefits). Terms of the acquisition were not disclosed.
Based in Toronto, Ontario, Canada, HSBI Benefits specializes in employee benefits insurance solutions. Curtis McCone, President of HSBI Benefits, will join Hub Ontario as President of Wealth Management and Employee Benefits and report to Greg Belton, Executive Chairman, Hub Ontario.
About Hub’s M&A Activities
Hub International Limited is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise. For more information on the Hub M&A experience, visit WeAreHub.com.
About Hub International
Headquartered in Chicago, IL, Hub International Limited is a leading global insurance brokerage that provides property and casualty, life and health, employee benefits, investment and risk management products and services from offices located throughout North America. For more information, please visit hubinternational.com.
Hub International Limited
Media: Marni Gordon
M&A: Clark Wormer
Photo courtesy of Hub International