HUB INTERNATIONAL ACQUIRES ASSETS OF LEEDS INSURANCE BROKERS

 

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 Add Title:  HUB INTERNATIONAL ACQUIRES ASSETS OF LEEDS INSURANCE BROKERS
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 Location:  Chicago
 Date:    2010-12-20  
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Hub International Limited (Hub), a leading insurance brokerage firm, announced today that it has acquired the assets of Leeds Insurance Brokers Inc. (Leeds), a Toronto, Ontario-based insurance brokerage firm. Terms of the acquisition were not disclosed. The Leeds operations will become part of HKMB Hub International Limited (HKMB Hub). The Leeds management team of Ron Fritz, President, and Peter Bekelis, Vice President, will join HKMB Hub, reporting to Neil Morrison, President and Chief Executive Officer, HKMB Hub.

Leeds is a full-service insurance brokerage with niche expertise in several industries, including hospitality and entertainment. Their commitment to serving the unique risks and insurance needs of hospitality establishments and businesses within the entertainment industry have made them leaders in these fields. Their expertise in the hospitality industry comes from over three decades of experience in several Leeds executives serving as restaurant owners and managers themselves. Other key industries and products available through Leeds include: commercial, residential, condominiums, industrial, golf, sport, technology, valuables, vehicles, watercraft, aircraft, bonds and surety, and health.

“We are excited to welcome Ron, Peter and the rest of the Leeds’ team to Hub,” said Neil Morrison. “Their well established business and strong client relationships will broaden Hub’s scope and offerings in the hospitality and entertainment segments as we mutually pursue opportunities for organic growth and increased market share”.

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.

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CONTACT:

Media Contact:

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

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 SOURCE :   HUB International Limited