Press releases

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Deal Adds Elevator Industry Expertise
 Location:  New York
 Date:    2007-11-02  
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HUB International Limited announced today that its New York subsidiary has acquired the assets of JM Associates, Ltd. (JM), an agency that has specialized in providing casualty insurance for the elevator industry over the past 15 years. JM’s operation in Fort Lee, New Jersey, including its employees, will become part of Hub International Northeast (HUB Northeast) and will add $2.5 million in net revenue to the operation.

The acquisition of JM will provide HUB International with a national insurance program for the elevator industry, which is closely linked to the real estate industry for which HUB is already a well-established broker. The program is written with a major A+, admitted insurance company and will enhance HUB’s presence with this carrier partner.

“We are pleased to become part of HUB International and further develop our national program and speciality expertise,” said Jackie Mortman, president of JM Associates, Ltd. “We view this as a positive opportunity as we look forward to expanding our offerings and bringing more value-added services and resources to our clients.”

 “We are confident that Jackie and her staff will bring experience and industry knowledge to our operation and be excellent additions to our team,” said Marc Cohen, president of HUB Northeast. “We are happy to expand our presence to Bergen County, NJ”.

Headquartered in Chicago, IL, HUBInternational 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.

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W. Kirk James
Vice President, Secretary and
Chief Corporate Development Officer
Phone: 312.279.4881

Heather Schneider
Corporate Communications Director
Phone: 312.279.4683

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 SOURCE :   HUB International Limited