Hub International Ltd has acquired Forum Risques et Assurance Inc, a Montréal-based boutique insurance brokerage and risk management company.
Terms weren’t disclosed.
Founded in 2013 by President François Jean and Executive Vice President Alain Giroux, Forum specializes in providing solutions to high-risk sectors, such as technology, manufacturing and construction.
Last year, Canadian long-term private equity firm Altas Partners acquired a significant minority stake in Hub, a Chicago-based insurance brokerage, joining existing owner Hellman & Friedman.
Hub International Acquires Montreal-Based Forum Risques et Assurance Inc.
CHICAGO, Jan. 10, 2019 /PRNewswire/ — Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired Forum Risques et Assurance Inc. (Forum). Terms of the transaction were not disclosed.
Based in Montreal, Quebec, Canada, Forum is a boutique insurance brokerage and risk management firm founded by François Jean and Alain Giroux. Forum is known for its creative solutions and expertise in high-risk industries, such as technology, manufacturing and construction, which together support Hub’s Specialty practices by complementing and strengthening Hub’s existing solutions. Mr. Jean, Mr. Giroux and their team will join Hub Quebec and report to Robert Dunn, Vice Chairman and Executive Vice President of Hub Quebec.
“By joining Hub, we are providing both our clients and colleagues with a strong network and invaluable resources, while maintaining a highly personal approach to advising clients,” said Mr. Jean.
“Hub has an exceptional construction practice, and we are excited by the opportunity to contribute to the growth of Hub’s capabilities in this specialty sector,” said Mr. Giroux.
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, Illinois, Hub International Limited is a leading full-service global insurance broker providing property and casualty, life and health, employee benefits, investment and risk management products and services. With more than 11,000 employees in offices located throughout North America, Hub’s vast network of specialists provides peace of mind on what matters most by protecting clients through unrelenting advocacy and tailored insurance solutions. For more information, please visit www.hubinternational.com.
Media: Marni Gordon
M&A: Clark Wormer