Chicago March 2, 2011 – Hub International Limited (Hub), a leading insurance brokerage firm, announced today that it has acquired the shares of M.B. Plumpton Insurance Consultants Inc. (MB), a Toronto, Ontario-based insurance brokerage firm. Terms of the acquisition were not disclosed. The MB operations will become part of HKMB Hub International Limited (HKMB Hub). Mary Beth Plumpton, the founder and owner of MB, will join HKMB Hub, reporting to Tim A. Witchell, President, Wealth Management and Employee Benefits, HKMB Hub.
Founded in 1992, MB offers employee benefits and life insurance products and services to businesses and individuals throughout the Ontario area. Ms. Plumpton has over two decades of experience working with a wide range of industries, including manufacturing and forestry, and specializes in customizing benefits programs for her clients. This acquisition reaffirms Hub’s commitment to expand its talent base and client offerings for employee benefits and life insurance.
“Hub’s growth objectives are predicated on attracting great people and great businesses, and as such we are very pleased to welcome Mary Beth to our organization,” said Neil Morrison, President and Chief Executive Officer, HKMB Hub. “Wealth management and employee benefits are a key part of our business strategy and we are excited that Mary Beth will advance our mutual efforts. We look forward to serving her customers with the resources of a leading global brokerage.”
About Hub International Limited
Headquartered in Chicago, Hub International Limited is a leading insurance brokerage providing a broad array of property, casualty, risk management, employee benefits, investment and wealth management products across North America. Hub is dedicated to helping businesses and individuals manage their insurance needs and plan for the unforeseen. For more information, visit www.hubinternational.com.