HUB International was formed with the merger of 11 privately held Canadian insurance brokerages in 1998. Today, we are ranked among the largest insurance brokers worldwide.
The entrepreneurial spirit that formed HUB is evident today in the way we do business. Our company is organized around large regional “hubs” with over 250 satellite offices. Our structure enables us to be proactive in addressing local market needs while centrally managing the growth of our business with consistent standards.
While global, our strength lies in our commitment to the communities we live and do business in. We are here to help you evaluate your risks and develop solutions that are tailored to your needs.
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Vision and Values
HUB International will be the leading sales and service organization in the insurance industry. We will be the first choice of customers, employees and investors, offering them their best value-added opportunity over the long term. We will conduct ourselves ethically and promote diversity and development.
Entrepreneurship – We encourage innovation and educated risk-taking
Balance – We balance corporate duty with personal growth
Integrity – We do the right thing every time
Teamwork – We work together to maximize results
Discipline – We focus on our goals
Accountability – We measure and take responsibility for outcomes
Service - We serve our customers, communities and colleagues
Hub, A History
We continue to grow the business both organically and through acquisition.
Eleven Canadian brokerages merge to form HUB International Limited.
HUB posts net earnings of $1.7 million on revenue of $38.7 million.
HUB common shares begin trading on the Toronto Stock Exchange under the symbol HBG.
Acquires and integrates 42 brokerages, and expands operations to the United States and Western Canada.
Acquires and integrates 18 brokerages and establishes new regional operations in New England.
Earnings increase to $6.1 million on $95.2 million of revenue.
Moves corporate headquarters to Chicago. Acquires and integrates 14 brokerages, and establishes new regional operations in the Northeast.
U.S. initial public offering raises $88.1 million as HUB lists on the New York Stock Exchange under the ticker symbol HBG. Listing on the Toronto Stock Exchange is maintained.
Acquires and integrates 10 brokerages.
Acquires and integrates 10 brokerages. Net earnings increase to $36.5 million as revenue grows to $286.4 million.
Acquires and integrates seven brokerages and expands presence across the Western United States.
Acquires and integrates 15 brokerages.
Market capitalization (total shares x price share) passes $1 billion for the first time.
Acquires and integrates 20 brokerages.
Enters into an agreement to be acquired by funds advised by Apax Partners together with Morgan Stanley Principal Investments.
Acquires and integrates 25 brokerages and establishes new regional operations in Louisiana (HUB Gulf South) and Texas.
Acquires and integrates 21 brokerages.
Acquires and integrates 13 brokerages including the renewal rights to Liberty Mutual's middle market commercial property and casualty business in 11 states.
Acquires and integrates 22 brokerages.
Acquires and integrates 37 brokerages and establishes new regional operations in the Carolinas (HUB Southeast) and in Manitoba (HUB Horizon).
Acquires Harmonia Corretora de Seguros Ltd, a full service brokerage headquartered in Sao Paulo, Brazil, and forms its first regional hub in Latin America.
Acquires 29 brokerages and establishes new regional operations in the Maritimes (HUB Atlantic) and in Oklahoma (HUB CFR).
Acquires Carrión, Laffitte & Casellas, Inc, headquartered in San Juan, Puerto Rico and forms a new regional hub in the Caribbean, doing business as HUB International CLC.