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 Vision
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.
HUB Values
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
Timeline
We continue to grow the business both organically and through acquisition.
1998
Eleven Canadian brokerages merge to form HUB International, Limited.
HUB posts net earnings of $1.7 million on revenue of $38.7 million.
1999
Company raises $65.9 million through private placements and an initial public offering in Canada.
HUB common shares begin trading on the Toronto Stock Exchange under the symbol HBG.
2001
HUB moves corporate headquarters to Chicago.
2002
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.
2004
HUB acquires and integrates seven brokerages, including the $100 million (revenue) Talbot acquisition.
2005
HUB acquires and integrates 15 brokerages.
2006
HUB's market capitalization (total shares x price/share) passes $1 billion for the first time.
HUB raises $114.9 million in a secondary offering of common shares.
HUB acquires three retail brokerages from Citizens Financial Group, adding $45 million to the revenue base.
HUB acquires three trucking insurance specialty agencies (Kaufman & Kaufman, Coburn Insurance and Bart Proud Insurance) forming HUB Transportation Insurance Services, Inc.
2007
HUB acquires the assets of one of the largest Louisiana-based insurance brokers, Hibernia Insurance Agency, LLC, an $18 million revenue brokerage firm that becomes a new regional platform (hub) doing business as HUB International Gulf South (HUB Gulf South).
HUB enters into an agreement to be acquired by Apax Partners together with Morgan Stanley Principal Investments.
HUB acquires Totten Insurance Group Inc. (Totten), a Canadian specialty insurance wholesaler. Totten aligns with The Wholesale Insurance Group (TWIG) to become one entity.
HUB acquires BNC Insurance Services, Inc., one of the largest Arizona-based insurance brokers, adding approximately 96 employees and $19 million to the revenue base.
HUB acquires The Rigg Group, Inc., one of the largest Texas-based insurance brokers, adding $35 million to the revenue base and forming a new regional HUB with offices located in Dallas, Fort Worth and Houston.
HUB successfully completes 25 acquisitions, adding 805 employees.
2008
HUB acquires HKMB International Insurance Brokers (HKMB), adding 250 employees and $40 million to the revenue base. This transaction forms a new regional hub in Toronto, Ontario.
HUB acquires Scheer's, Inc., one of the largest privately-owned retail insurance brokerages in the United States specializing in surety bonds, adding more than $12 million in revenue.
2009
HUB acquires the renewal rights to Liberty Mutual’s middle market commercial property and casualty business in Arizona, Arkansas, California, Colorado, Hawaii, Kansas, Louisiana, Nebraska, Oklahoma, Utah and Texas.
HUB acquires Mones & Associates Insurance Brokers, one of the largest insurance brokers in Western and Northern Canada, and expands operations to seven new locations.
2010
HUB acquires and integrates 22 brokerages.
2011
HUB acquires First Southeast Insurance Services, a full service insurance brokerage, and forms a new regional hub doing business as HUB International Southeast with headquarters in Charleston, SC and offices through the Carolinas.
HUB acquires Horizon Insurance, the largest independent broker in Manitoba, and forms a new regional hub doing business as HUB International Horizon with headquarters in Winnipeg.
HUB acquires Harmonia Corretora de Seguros Ltda, a full service brokerage headquartered in Sao Paulo, Brazil, and forms its first regional hub in Latin America. Hub Internacional Harmonia will lead Hub’s expansion into the Latin American market in 2012 and beyond.