Hub International Limited (NYSE:HBG)(TSX:HBG), one of North America's largest insurance brokers, today announced the appointment of William T. Zanoni, 53, as president and chief executive officer of the company's Chicago-based hub, Mack and Parker, Inc. Zanoni has been serving in a senior management position at Talbot Financial, a $100 million insurance brokerage acquired by Hub International earlier this month. As an executive vice president at Talbot, Zanoni has had responsibility for leading one of Talbot's national practice groups and for managing its Chicago and five Colorado offices. Talbot's Chicago office eventually will be integrated into Mack and Parker.
"Bill is an excellent example of the type of management talent and depth that made the Talbot acquisition particularly attractive to Hub and we are excited about the drive he brings to his new role at one of our largest regional hubs," said Martin P. Hughes, Chairman and Chief Executive Officer of Hub International. "Bill has more than three decades of experience in the insurance business and a solid track record of delivering sales, customer service and superior financial results."
William Zanoni began his insurance career in 1972 as an underwriter for Safeco Insurance Company, shortly after his graduation from Loras College in Dubuque, Iowa. He later joined the Glenview Insurance Agency, a family company founded by his father in 1946. He became president of the company after the death of his father in 1977 and remained with the agency after its sale to Talbot in June 2000.
Zanoni lives in Glenview, Illinois with his wife of 25 years, Janet, and their children. As president and chief executive officer of Mack and Parker, he fills the role created by the departure of Joseph P. Flanagan in May.
Headquartered in Chicago, IL, Hub International is a leading North American 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 and Canada.
This press release may contain forward-looking statements which reflect our current views with respect to future events and financial performance. These forward-looking statements relate, among other things, to our plans and objectives for future operations and are subject to uncertainties and other factors that could cause actual results to differ materially from such statements. These uncertainties and other factors include, but are not limited to, risks associated with implementing our business strategies, identifying and consummating acquisitions, integrating acquired brokerages, attaining greater market share, developing and implementing effective information technology systems, recruiting and retaining qualified employees, fluctuations in the premiums charged by insurance companies with corresponding fluctuations in our premium-based revenue, any loss of services of key executives, industry consolidation, increased competition in the industry, fluctuations in the demand for insurance products and the passage of new legislation subjecting our business to regulation in jurisdictions where we operate. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Additional information regarding these risks and other factors that could cause Hub International's actual results to differ materially from our expectations is contained in the company's filings with the Securities and Exchange Commission and the Canadian securities commissions. Except as otherwise required by federal securities laws, Hub International undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.