TOTTEN INSURANCE GROUP ACQUIRES NORAC INTERMEDIARIES

 

Press releases

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 Add Title:  TOTTEN INSURANCE GROUP ACQUIRES NORAC INTERMEDIARIES
Subtitle:
Leading Canadian Wholesaler Expands Operations
 Location:  Chicago
 Date:    2009-04-03  
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Hub International Limited (Hub) announced today that Totten Insurance Group, Inc., one of Hub’s wholesale insurance brokerage operations with offices across Canada, has completed the acquisition of Norac Intermediaries. Norac Intermediaries is an insurance brokerage wholesaler located in a suburb of Montreal, Quebec and focuses primarily on casualty business, working with over 200 insurance brokers throughout the region. The combination of Totten and Norac now makes Totten one of the largest intermediaries in the province, providing diversified offerings to their broker partners.

By enhancing its bilingual Quebec presence through the acquisition of Norac, Totten has strengthened its position as a national insurance broker wholesaler. The joining of Totten and Norac forces also enables Totten to provide expanded casualty insurance offerings to the 2,000 brokers Totten currently works with across Canada.

“We are very excited to welcome Gino Vaisica and the Norac team to the Totten Group of Companies and Hub International,” said H. Ross Totten, FCIP, CCIB, President and Chief Executive Officer, Totten Insurance Group, Inc. “They have built outstanding relationships with many brokers across Quebec and we look forward to expanding our capabilities in serving the insurance community in the province.”

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