HUB FINANCIAL ACQUIRES BEST ADVICE FINANCIAL SERVICES

 

Press releases

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 Add Title:  HUB FINANCIAL ACQUIRES BEST ADVICE FINANCIAL SERVICES
Subtitle:
Leading MGA Expands Operations in Ontario
 Location:  Chicago
 Date:    2009-04-02  
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Hub International Limited (Hub) announced today that Hub Financial, its Canadian-based Managing General Agency (MGA) for over 3,000 independent life insurance agents and Associated General Agents in Canada, has completed the acquisition of Best Advice Financial Services (Best Advice). Best Advice, which has grown substantially since its inception in 1997, is a life insurance MGA offering a variety of financial products, based in the greater Toronto, Ontario area.

This acquisition will enable Hub Financial to strengthen its relationship with Industrial Alliance, Best Advice’s primary insurance carrier. The team from Best Advice, which includes over 100 servicing brokers working from one location, will now have the opportunity to offer an array of diversified carrier products by accessing the many markets with which Hub Financial currently has relationships. Hub Financial will now have a stronger foothold in the Toronto area as a result of joining forces with Best Advice.

“We are extremely pleased to join with the impressive group from Best Advice,” said Terri DiFlorio, President and Chief Executive Officer, Hub Financial. “I am confident that their strong affiliation with Industrial Alliance, and core relationships they have built with many brokers in Ontario, will greatly enhance Hub Financial’s operations.”

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 offices located in the United States and Canada.

 In the following box below, please add a contact information.
CONTACT:
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
 Please, enter the source in the following box.   
 SOURCE :   HUB International Limited