HUB INTERNATIONAL ACQUIRES HUESTIS COMMERCIAL INSURANCE, LTD
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||HUB INTERNATIONAL ACQUIRES HUESTIS COMMERCIAL INSURANCE, LTD
Deal to Create New Regional Hub in Atlantic Provinces
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Hub International Limited (Hub) announced today that it has
acquired the shares of Huestis Commercial Insurance Ltd. (HCIL), a
Saint John, New Brunswick, Canada-based insurance brokerage firm.
Terms of the acquisition were not disclosed.
HCIL, which operates from three locations throughout New
Brunswick and Nova Scotia, represents Hub's first acquisition in
the Atlantic Provinces. The HCIL operation will be the platform for
the newly formed Hub Atlantic. Paul Huestis will continue as the
President of this operation and will report to Jim Barton,
President, Canadian region.
"This acquisition establishes a new Hub for us in the Atlantic
Provinces and gives us the infrastructure to expand our presence in
Atlantic Canada," said Jim Barton. "The team at HCIL knows their
local marketplace and is ready to support our growth as we build
the Hub brand across Canada."
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, Puerto Rico and
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||HUB International Limited