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PE-backed Hub buys usefulideas

Chicago-based insurance broker Hub International, a portfolio company of Hellman & Friedman and Altas Partners, has acquired Toronto-based JM Rose Insurance Agency, which does business as usefulideas.

Chicago-based insurance broker Hub International, a portfolio company of Hellman & Friedman and Altas Partners, has acquired Toronto-based JM Rose Insurance Agency, which does business as usefulideas. No financial terms were disclosed. Usefulideas is a business consultancy, employee benefits and group retirement firm.

PRESS RELEASE

CHICAGO, June 2, 2020 /PRNewswire/ — Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired JM Rose Insurance Agency Limited, d/b/a usefulideas® (usefulideas®). Terms of the transaction were not disclosed.

Headquartered in Toronto, Ontario, Canada, usefulideas® is a full-service business consultancy, employee benefits and group retirement firm. Joanne Rose, Principal and Senior Benefits Consultant of usefulideas®, will join Hub International Ontario Limited (Hub Ontario) and will report into Matt Lievers, President of Employee Benefits of Hub Ontario.

“usefulideas® will be a great addition to our growing employee benefits and retirement team in Canada,” said Gregory Belton, Executive Chairman of Hub Ontario. “The expertise and market relationships that usefulideas® has developed over the years will benefit our clients as they continue to seek a genuinely unique and differentiated service offering.”

The move continues Hub’s momentum in expanding its best-in-class employee benefits and group retirement solutions in Canada to address the challenges clients are facing, including in benefits and retirement.

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.