WOODBRIDGE, ONTARIO, July 11, 2006 – Hub International Limited today announced the acquisition of a life insurance portfolio from Standard International Underwriters Ltd. (SIU). Details of the purchase by the Toronto-based Hub Financial Inc. (HUB Financial) were not disclosed.
Both HUB Financial and SIU are Managing General Agencies operating in all provinces of Canada. HUB Financial will integrate the SIU servicing activities into its existing operations.
“SIU’s servicing activities on behalf of thousands of independent life insurance brokers are similar to some of our own servicing relationships, leading us to anticipate a smooth integration,” said Terri DiFlorio, president of HUB Financial.
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, investment and risk management products and services through offices located in the United States and Canada. www.hubinternational.com .