HUB LAUNCHES PRIVATE EXCHANGE FOR EMPLOYEE BENEFITS

 

Press releases

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 Add Title:  HUB LAUNCHES PRIVATE EXCHANGE FOR EMPLOYEE BENEFITS
Subtitle:
Leading Insurance Brokerage/Consultancy to Offer Strategic, Budget-based Solution
 Location:  Chicago
 Date:    2012-09-19  
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Hub International Limited (Hub), a leading insurance brokerage and consulting firm, announced today that its employee benefits practice has launched a private exchange to help clients manage their employee benefits program. In addition to health insurance options, this online benefits portal will provide access to a wide range of benefits, including dental, vision, life and disability coverage from national and regional insurance carriers.

Built on a defined contribution chassis, Hub is offering this first phase of private exchange development in partnership with Liazon Corporation, utilizing their Bright Choices® Exchange. Hub’s strategy positions clients to save money by structuring their health benefits on a predictable, budget-based platform. Through Liazon’s Bright Choices® Exchange, Hub will have access to a proven technology that is easy to deploy and communicate to employees.

While Hub’s private insurance exchange will serve as an alternative to state exchanges, businesses will be able to take advantage of this exchange option prior to 2014 when the state exchanges are slated to begin offering coverage.

Joseph Torella, President, Hub International Northeast and National Employee Benefits Practice Leader, Hub International Limited, commented, “Ours is a unique, multi-level private exchange approach that is being launched as an integral component of our strategic benefits planning process. Our goal is straightforward: to meet the emerging needs of our clients, from the very smallest to the very largest and across the many geographies we serve. And, to improve financial performance of our customers – especially those in the middle market – by taking advantage, and staying ahead, of health care reform requirements.”

"We are committed to anticipating our clients’ needs and addressing them before they become challenges,” says Martin P. Hughes, Chairman and CEO, Hub International Limited. “By creating an effective 3 – 5 year employee benefits strategy, we help clients focus on developing optimal solutions that are tailored to their business objectives. Liazon is one of the many tools we employ in delivering a comprehensive set of client solutions."

Headquartered in Chicago, Hub International Limited is a leading global insurance brokerage providing a broad array of employee benefits, property, casualty, risk management, investment and wealth management products across the United States, Canada and Brazil.


 

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CONTACT:
MEDIA CONTACTS:
Cara Siegel
Hub International Limited
Director of Corporate Brand Management/Media Relations
Phone: 516-677-4992
cara.siegel@hubinternational.com

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 SOURCE :   HUB International Limited