HUB INTERNATIONAL ACQUIRES OBENCHAIN INSURANCE AGENCY

Chicago Nov 1, 2010 -

Hub International Limited (Hub), a leading insurance brokerage firm, announced today that it has acquired the shares of Obenchain Insurance Agency (Obenchain), a Twin Falls, Idaho-based insurance brokerage firm. Terms of the acquisition were not disclosed. In connection with this acquisition, Obenchain will become part of Hub International Mountain States Limited (Hub Mountain). Tim Obenchain, President, will join Hub and report to Tim Barnes, President, Hub Mountain States. Mr. Obenchain and the other members of the Obenchain team joining Hub will remain in their existing offices in Twin Falls, Boise, Hailey and Buhl, Idaho.

Founded in 1904, Obenchain is known as the longest-standing business in Twin Falls and the largest area insurance agency. Obenchain places property & casualty, personal insurance, and life/health programs for its customers, with a niche in working with farms. This acquisition expands Hub Mountain States regional footprint into Western Idaho and adds a new presence in the Twin Falls, Boise and Sun Valley areas.

“Given the Obenchain Agency’s mix of carriers and lines of business, this acquisition is a great, strategic fit for Hub,” said Tim Barnes, President, Hub Mountain States. “Geographically, it expands our existing presence in the state of Idaho, giving us more volume and leverage in that region. Tim Obenchain and his staff are very well respected insurance professionals in the area and will bring their depth of expertise to Hub. We are excited to welcome the Obenchain team to Hub, and to offer their customers the enhanced resources of one of the nation’s largest insurance brokerages.”

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.

MEDIA CONTACTS:

Daniel Goldsmith
Hub International Limited
Chief Financial Officer
Phone: 312.279.4840
Daniel.Goldsmith@hubinternational.com

Clark Wormer
Hub International Limited
Director, Mergers & Acquisitions
Phone: 312.279.4848
Clark.Wormer@hubinternational.com

Source: HUB International Limited