Hub International Ltd, a portfolio investment of U.S. private equity firm Hellman & Friedman (H&F), has acquired certain assets from Canada’s Patrice Varin through a company held by him. No financial terms were released. With the deal, Varin will join Hub Québec, bringing a commercial line book of business focused on offering bonds and surety products. Hub, a global insurance brokerage with significant operations in Canada, was acquired by H&F for about US$4.4 billion in October 2013. The company has its headquarters in Chicago.
Hub International Purchases Certain Assets From Canada-Based Patrice Varin
CHICAGO, Aug. 7, 2017 /CNW/ — Hub International Limited (Hub) announced today that Hub Quebec has purchased certain assets from Patrice Varin (Varin), through a corporation held by Varin. Terms of the acquisition were not disclosed.
Varin will join Hub Quebec bringing with him a commercial line book of business focused on offering bonds and surety-related products.
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.
Media: Marni Gordon
M&A: Clark Wormer
Photo courtesy of Hub International Ltd