Hub International Ltd has acquired New Dimensions Underwriters Ltd, a managing general agency located in Edmonton. No financial terms were disclosed. Hub, a Chicago-based insurance brokerage with a significant operational presence in Canada, is a portfolio company of U.S. private equity firm Hellman & Friedman (H&F). H&F bought the business for about US$4.4 billion in October 2013.
PRESS RELEASE
Hub International Acquires Canadian-Based New Dimensions Underwriters Ltd.
September 06, 2016
CHICAGO–(BUSINESS WIRE)–Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired New Dimensions Underwriters Ltd. (New Dimensions). Terms of the acquisition were not disclosed.
Based in Edmonton, Alberta, Canada, New Dimensions is a managing general agency. Russ Davis, the owner and President of New Dimensions, will join Hub Financial and be part of its management team.
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.
Contacts
Hub International Limited
Media:
Marni Gordon
Phone: 312-279-4601
Marni.gordon@hubinternational.com
or
M&A:
Clark Wormer
Phone: 312.279.4848
Clark.wormer@hubinternational.com
Photo courtesy of Hub International Ltd
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