Deal to Create New Regional Hub in Atlantic Provinces
Chicago (Nov. 5, 2012) – Hub International Limited (Hub) announced today that it has acquired the shares of Huestis Commercial Insurance Ltd. (HCIL), a Saint John, New Brunswick, Canada-based insurance brokerage firm. Terms of the acquisition were not disclosed.
HCIL, which operates from three locations throughout New Brunswick and Nova Scotia, represents Hub’s first acquisition in the Atlantic Provinces. The HCIL operation will be the platform for the newly formed Hub Atlantic. Paul Huestis will continue as the President of this operation and will report to Jim Barton, President, Canadian region.
“This acquisition establishes a new Hub for us in the Atlantic Provinces and gives us the infrastructure to expand our presence in Atlantic Canada,” said Jim Barton. “The team at HCIL knows their local marketplace and is ready to support our growth as we build the Hub brand across Canada.”
About Hub International Limited
Headquartered in Chicago, IL, Hub International Limited is a leading global 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, Canada, Puerto Rico and Brazil.