HUB INTERNATIONAL TO ACQUIRE LIBERTY MUTUAL MIDDLE MARKET BUSINESS

 

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 Add Title:  HUB INTERNATIONAL TO ACQUIRE LIBERTY MUTUAL MIDDLE MARKET BUSINESS
Subtitle:
Company to Purchase Renewal Rights to P&C Business in Western Region
 Location:  Chicago
 Date:    2009-01-22  
 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) announced today that it plans to acquire the renewal rights to Liberty Mutual’s middle market commercial property and casualty business in Arizona, Arkansas, California, Colorado, Hawaii, Kansas, Louisiana, Nebraska, Oklahoma, Utah and Texas. The business will be integrated into Hub International’s regional operations: Hub International of California, Hub International Gulf South, Hub International Texas and Hub International Southwest. Roy H. Taylor, President of Hub’s West Region, will oversee the management of this group. Terms of the transaction were not disclosed.

Liberty Mutual’s western states customer base will now be combined with Hub’s current middle market roster of clients and all will continue to benefit from the strong ongoing broker-carrier relationship that Hub and Liberty Mutual enjoy. Additionally, Hub’s new clients will have access to the expanded offering of products, services and consulting expertise, including employee benefits, life insurance, personal insurance, and risk management services that are available through Hub as an independent broker.

“As a leading brokerage with a strong focus on the middle market, we saw this acquisition as an ideal fit for us,” said Martin P. Hughes, Chairman and Chief Executive Officer of Hub. “We are eager to offer our new clients a full array of products and services. We welcome the talented staff joining our team and look forward to working with them to serve their customers with excellence.”

Mark A. Butler, Chief Operating Officer of the company’s newly formed Liberty Mutual Middle Market business unit, said: “Hub is an excellent partner for us and a broker who is respected for its dedication to its customers. We look forward to partnering with Hub’s brokers to deliver the risk management products, service and expertise that will enable middle market businesses to successfully compete in their marketplace. “

Headquartered in Chicago, IL, 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:
MEDIA CONTACTS:
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