Hub International Redeems Debenture


Press releases

Please, inside of the following boxes, enter a title for the press release, location and date.


 Add Title:  Hub International Redeems Debenture
 Location:  Chicago
 Date:    2002-06-28  
 Please, in the following box below, enter the text for the press release. There is not limit of words. You can always go back and re-edit it.

Hub International Limited (NYSE:HBG) (TSX:HBG) announced today that it has redeemed in its entirety the Cdn$42.5 million principal amount, five year 8.50% subordinate convertible debenture held by Zurich Insurance Company since June 2001. The debenture was convertible into common shares of the Company at Cdn$17 per share.

A portion of the proceeds from the Company's initial U.S. public offering of common shares, which was announced on June 17, 2002, was used for the redemption.

Hub International, which is headquartered in Chicago, IL, is a leading North American insurance brokerage providing 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.

 In the following box below, please add a contact information.
Hub International Limited
W. Kirk James 312/279-4881
 Please, enter the source in the following box.   
 SOURCE :   Hub International Limited