CHICAGO, ILLINOIS, November 2, 2005: Hub International Limited (NYSE/TSX: HBG) announced today the acquisition of Ungaro & Sons Insurance Services Ltd., a leading independent insurance broker based in Kelowna, British Columbia. Ungaro & Sons will become part of Hub International Barton (HUB Barton), a regional hub based in Chilliwack, B.C. Terms of the transaction were not disclosed.
Owned by Don and Allison Ungaro since 1998, Ungaro & Sons offers a broad array of personal, commercial and government auto insurance coverage. The company services the Kelowna area of British Columbia.
�We are pleased to have Don Ungaro and his team join us and look forward to the growth opportunities in one of British Columbia’s fastest growing communities,� said Jim Barton, president of Hub International Barton Limited.
Don Ungaro noted that the sale to Hub will provide greater access to insurance markets, expanded services and products for clients and new growth potential. �We’re proud of the service we have delivered to our clients as an independent brokerage,� he said. �Now, however, we look forward to having the ability to offer them more as part of Hub International.�
Headquartered in Chicago, IL, Hub International Limited is a leading North American insurance brokerage that provides a broad array of property and casualty, life and health, employee benefits, personal, investment and risk management products and services through offices located in the United States and Canada.
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