HUB International

HUB International, Ltd
TypePrivate
IndustryInsurance
Founded1998
Headquarters300 North LaSalle St, Chicago, Illinois
United States
Number of locations
415 (2017)
ProductsInsurance
RevenueIncrease$1.47 Billion USD[1] (2015)
OwnerHellman & Friedman
Number of employees
10,000 (2016)
Websitewww.hubinternational.com
HUB International in Canada

HUB International Limited is an insurance brokerage providing an array of property, casualty, risk management, life and health, employee benefits, investment, and wealth management products and services across North America. HUB has more than 375 offices across the United States and Canada and more than 10,000 employees. It is based in Chicago, Illinois.

HUB International was formed in 1998 with fewer than 300 employees and fewer than 50 Canadian offices. In early 2007, it was purchased by an investor group led by private equity firm Apax Partners in a going-private transaction.[2]

History

In August 2013, the firm was acquired by the private equity firm Hellman & Friedman for around $4.4 billion.[3]

In March 2020, HUB International Limited and Morneau Shepell Inc. announced the sale of Morneau Shepell's benefits consulting practice to HUB.[4] Also in March, International Limited announced the acquisition of assets of Linton & Associates Insurance Agency. Terms of the deal were not disclosed.[5]

In October 2021, HUB International's Specialty Program Group acquired healthcare liability insurance coverage provider, CM&F Group.[6]

References

  1. ^ "Top insurance brokers: Hub International Ltd. - Business Insurance".
  2. ^ "Hub International Limited Agrees to Be Acquired by Funds Advised by Apax Partners and Morgan Stanley - Hub Shareholders to Receive US$40 per Share; Transaction Valued at US$1.8 Billion". www.businesswire.com. 2007-02-26. Retrieved 2020-01-17.
  3. ^ Greg Roumeliotis and Tanya Agrawal (5 August 2013). "Hellman & Friedman agrees to acquire Hub in $4.4 billion deal". Reuters.
  4. ^ "Hub International acquires the benefits consulting practice of Morneau Shepell Inc". finance.yahoo.com. Retrieved 2020-03-03.
  5. ^ Smith, Ryan. "Hub acquires New Mexico agency". Insurance Business. Retrieved 2020-03-05.
  6. ^ "Hub's SPG acquires CM&F Group". The Insurer. Retrieved 1 December 2021.
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