HUB - HKMB Transaction Completed


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 Add Title:  HUB - HKMB Transaction Completed

Deal Adds $40 Million in Revenue

 Date:    2008-01-03  
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Hub International Limited announced today the completion of its share and cash exchange with HKMB International Insurance Brokers (HKMB). As announced last month, HKMB will become a new regional platform (hub) and carry on business as HKMB Hub International from its existing offices in Toronto, Ontario.  HKMB’s existing ownership group converted a substantial portion of its equity in HKMB to equity in Hub’s parent company.

Founded in 1998 and headquartered in Chicago, IL, Hub International Limited is a leading North American insurance brokerage that provides a broad array of property and casualty, reinsurance, life and health, employee benefits, investment and risk management products and services through more than 250 offices located in the United States and Canada. 

This press release may contain words such as "anticipate," "believe," "expect," "intend," "plan," "project," and other similar words and phrases that indicate forward-looking statements.  Forward-looking statements reflect our current expectations regarding, among other things, our future growth, results of operations, cash flows, performance and business prospects, and opportunities.  Such statements are based on information currently available to us as well as assumptions regarding future events.  Consequently, such forward-looking statements are inherently subject to risks and uncertainties related to industry, financial, legal, regulatory conditions and events and other factors, any of which could cause our actual growth, results of operations, financial condition, cash flows, performance and business prospects, and opportunities to differ materially from those expressed in, or implied by, such forward-looking statements.  We therefore caution readers not to place undue reliance on any forward-looking statements, which speak only as of the date of this press release.  We undertake no obligation to update any statement contained herein, except as may be required law.

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W. Kirk James
Vice President, Secretary and
Chief Corporate Development Officer
Phone: 312.279.4881
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 SOURCE :   HUB International Limited