Hub International Acquires Westar Insurance Managers; Deal Expands Aviation Expertise

 

Press releases

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 Add Title:  Hub International Acquires Westar Insurance Managers; Deal Expands Aviation Expertise
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 Location:  Chicago
 Date:    2006-05-15  
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Hub International Limited (NYSE:HBG) (TSX:HBG), a leading North American insurance brokerage, announced today the purchase of Westar Insurance Managers ("Westar"), based in Kirkland, Washington. The company will become part of Hub International's Seattle-based operation (HUB Northwest), which currently offers special expertise in the construction industry, an array of commercial lines of business, life and benefits products and personal lines coverages. Terms of the transaction were not disclosed.

With annual revenue of approximately $2.1 million, Westar provides customers with general lines capabilities and specialized expertise in both aviation risk and personal insurance. Westar principals Doris D. Perry, Susan E. Carroll and Laurie P. Hutcherson will join HUB Northwest.

"Westar and its sales team offer a solid new specialty focus on aviation and a great talent pool for our growing operations," said Steve Bush, president of HUB Northwest. "The company has built a strong track record of growth and we know they will continue to follow that pattern at Hub."

"Hub's well-established relationships with both insurers and clients generate great potential for us to expand in our region and beyond," said Dee Perry, President of Westar. "We welcome the opportunity to introduce Hub's substantial capabilities to our existing customer base."

Headquartered in Chicago, Illinois, 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:
Hub International Limited
W. Kirk James (Media), 312-279-4881
Kirk.james@hubinternational.com
or
Heather Schneider (Media), 312-279-4683
Heather.schneider@hubinternational.com
or
Rosenbaum Advisors, Inc.
Michael Rosenbaum (Investors), 847-749-1010
fax: 847-577-6767
michael@rosenbaumadvisors.com
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 SOURCE :   Hub International Limited