HUB INTERNATIONAL ACQUIRES ASSETS OF ROSS BENEFITS GROUP

 

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 Add Title:  HUB INTERNATIONAL ACQUIRES ASSETS OF THE ROSS BENEFITS GROUP
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 Location:  Chicago
 Date:    2011-10-14  
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Chicago, IL, October 14, 2011: Hub International Limited (Hub), a leading insurance brokerage firm, announced today that it has acquired the assets of The Ross Benefits Group, Ltd. (Ross),a New York City-based employee benefits brokerage and consulting firm.  Terms of the acquisition were not disclosed.  Ross is the Group Health and Benefits division within The Ross Companies and is the sole division of the Ross Companies affiliated with this transaction. The employees of Ross will become part of the Hub International Northeast Limited team and will move into Hub’s existing office in Manhattan,reporting to Joseph Torella, President, Employee Benefits Division, Hub International Northeast.                                                       

Offering creative solutions to its clients since the 1960’s, Ross provides traditional Health& Welfare Group Insurance services to companies throughout the New York metropolitan area in a wide range of industries, including financial services,law, engineering, education, marketing, advertising, and retail. They offer a full suite of advisory and brokerage services for all lines of insurance coverage including Medical, Dental, Short and Long-Term Disability, Accidental Death & Dismemberment, Dental, Vision and Life Insurance.

“We are pleased to welcome the Ross team and their existing clients to Hub,” said Joseph Torella, President, Employee Benefits Division, Hub International Northeast.

“In this critical time when Health Care Reform is being implemented and healthcare cost trends are accelerating, it is important that we forge strong partnerships with other well established brokers who are committed to providing their clients with the highest level of consultancy and leading-edge client service and strategy development. We look forward to working with the talented individuals who will be joining us and providing them with the value-added resources that only a top 10 global insurance brokerage can provide.”  

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.

Hub International Limited (Hub), a leading insurance brokerage firm, announced today that it has acquired the assets of Benefit Resources, Inc. (BRI), a Colorado Springs, Colorado-based retail employee benefits insurance brokerage firm. Terms of the acquisition were not disclosed. The BRI operations will become a part of the Colorado operations of Hub International Insurance Services Inc. (Hub Colorado). George Martin and Jeff Ahrendsen, the principals of BRI, will join Hub Colorado, reporting to Matt Coleman, Chief Sales Officer of Hub Colorado. The BRI team will remain in their existing office in Colorado Springs.

“BRI has an excellent reputation as the leading Employee Benefits brokerage in Colorado Springs, and will provide Hub with a strong growth platform in the region,” said Matt Coleman. “We are pleased to welcome George and Jeff to the Hub team, two highly respected and well known professionals in the Employee Benefits arena. By joining forces, the talented staff at BRI will give Hub an even stronger presence in the territory. We look forward to serving their customers with the quality offerings and consultative expertise of a global insurance brokerage firm.”

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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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

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 SOURCE :   HUB International Limited