HUB INTERNATIONAL ACQUIRES BOOK OF BUSINESS FROM MGIS PROPERTY & CASUALTY INSURANCE SERVICES, INC.

Chicago June 18, 2012 -

Hub International Limited (Hub) announced today that it has acquired a book of business from MGIS Property & Casualty Insurance Services, Inc. (MGIS P&C), a Salt Lake City, Utah-based insurance brokerage firm that is part of The MGIS Companies, Inc. Terms of the acquisition were not disclosed. The west coast-based operations of MGIS P&C in California and Utah will become part of the California operations of Hub International Insurance Services (Hub California).

MGIS P&C specializes in the placement and administration of individual and group insurance coverage for medical groups. Founded in 1988, MGIS P&C specializes in placing property & casualty insurance, primarily professional liability, for medical groups, managed care organizations and sole practitioners. As a result of the acquisition, the MGIS customers will gain access to the complete suite of insurance products and services available through Hub. This acquisition will complement Hub’s practice group dedicated to the insurance and risk management needs of the Healthcare industry.

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 and Brazil.

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

Scott Goodreau
Hub International Limited
Chief Legal Officer
Phone: 312-279-4886
Scott.Goodreau@hubinternational.com

Mark Dayton
The MGIS Companies, Inc.
Phone: 801-990-2400 x 154
Mark.Dayton@mgis.com


Source: HUB International Limited