HUB INTERNATIONAL SIGNS LETTERS OF INTENT TO ACQUIRE CERTAIN OPERATIONS OF PHOENIX INSURANCE GROUP

 

Press releases

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

 

 Add Title:  HUB INTERNATIONAL SIGNS LETTERS OF INTENT TO ACQUIRE CERTAIN OPERATIONS OF PHOENIX INSURANCE GROUP
Subtitle:
 Location:  Chicago
 Date:    2010-12-21  
 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 (Hub), a leading insurance brokerage firm, announced today that Hub International Canada West (Hub Canada West) has signed letters of intent to acquire certain operations of the Phoenix Insurance Group (Phoenix), a cluster partnership of various Alberta-based firms. Hub expects to acquire the Grande Prairie operations of Phoenix by the end of 2010, and the Edmonton, Red Deer, Hinton and Drayton Valley operations of Phoenix in the first quarter of 2011.

Phoenix Group Risk Management Inc. is not included in these transactions and will continue normal business operations independently.

“We are excited to move forward with the process to join forces with the talented teams at Phoenix, first with the Grande Prairie operations and others to follow,” said Jim Barton, Regional President of Hub’s Canadian operations. “Recognized as one of the top brokerages in the Alberta region with deep relationships in the communities they serve, Phoenix is an ideal fit for Hub to expand its footprint in Western Canada.”

“Our new Phoenix colleagues will join the Hub Barton team to continue our expansion in Western Canada to better serve our customers,” said Barton.

Headquartered in Chicago, Hub International Limited is a leading insurance brokerage providing a broad array of property, casualty, risk management, employee benefits, investment and wealth management products across North America. Hub is dedicated to helping businesses and individuals manage their insurance needs and plan for the unforeseen. For more information, visit www.hubinternational.com.
 In the following box below, please add a contact information.
CONTACT:

Media Contact:

Daniel Goldsmith
Hub International Limited
Chief Financial Officer
Phone: 312.279.4840
Daniel.Goldsmith@hubinternational.com

Clark Wormer
Hub International Limited
Director, Mergers & Acquisitions
Phone: 312.279.4848
Clark.Wormer@hubinternational.com

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