Press releases

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Establishes a Presence in Alabama
 Location:  Chicago
 Date:    2008-09-10  
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Hub International Limited announced today that Hub International Gulf South Limited (HUB Gulf South) has acquired Pickett & Adams Insurance Agency (Pickett & Adams), a Mobile, Alabama agency with annual revenues of approximately $3.5 million. Pickett & Adams' operations will become part of Hub Gulf South. Terms of the transaction were not disclosed.

Pickett & Adams was established in 1974 by C. King Pickett, who retired in 2003, and Spencer Adams III, who continued as CEO.  Mr. Adams will now join Hub as Executive Vice President and report to Steven Terry.  The agency will remain at its current location.

Steven Terry, President of HUB Gulf South welcomed the Pickett & Adams team and commented that "This purchase allows Hub International to move into Alabama with a quality agency that provides an excellent base for future expansion in the region. This acquisition will provide us with opportunity for growth in many areas of our business, particularly with marine insurance due to the strategic location of this office."

"Everyone at Pickett & Adams is excited to join Hub International and become part of one of North America's largest insurance brokerages," said an enthused Spencer Adams. "We are extremely optimistic about future opportunities given the many tools and resources Hub brings to the agency."

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.

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.

 In the following box below, please add a contact information.

Daniel Goldsmith
Hub International Limited
Chief Financial Officer
Phone: 312.279.4840

Clark Wormer
Hub International Limited
Director, M&A
Phone: 312.279.4848

 Please, enter the source in the following box.   
 SOURCE :   HUB International Limited