Hub International, a portfolio company of Hellman & Friedman and Altas Partners, has acquired LSM Insurance Services. No financial terms were disclosed. Based in Markham, Ontario, LSM Insurance Services is a provider of life and health insurance solutions.
PRESS RELEASE
CHICAGO, March 5, 2020 /CNW/ — Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired LSM Insurance Services Ltd. (LSM). Terms of the transaction were not disclosed.
Headquartered in Markham, Ontario, Canada, LSM is a leading online provider of life and health insurance solutions. The LSM team has a combined 100 years of experience in the life insurance industry. LSM specializes in the hard-to-insure market and helps find affordable life insurance solutions for clients with health issues. Lorne Marr, Owner and Director of LSM, will join Hub Financial Inc., a subsidiary of Hub.
“This is an exciting opportunity for us,” said Mr. Marr. “We look forward to helping Hub Financial build the most robust lead generation program in the industry.”
Hub combines extensive sales training and coaching with industry-leading back office support and exceptional technology to provide financial advisors and insurance brokers, with access to development tools and education while maintaining their independence and self-governance. With offices in 15 cities across Canada, Hub Financial Inc. is one of Canada’s largest distributors of life insurance and investment solutions to advisors with the convenience of local support and the security of national scope and size.
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 12,000 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.
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