Hub International: Difference between revisions
removed Category:Insurance companies of Canada; added Category:Brokerage firms using HotCat |
GreenC bot (talk | contribs) Move 1 url. Wayback Medic 2.5 |
||
| Line 26: | Line 26: | ||
==Recent news== |
==Recent news== |
||
In August 2013, the firm was acquired by the private equity firm [[Hellman & Friedman]] for around $4.4 billion.<ref>{{cite news| url=https://www.reuters.com/article |
In August 2013, the firm was acquired by the private equity firm [[Hellman & Friedman]] for around $4.4 billion.<ref>{{cite news| url=https://www.reuters.com/article/us-hub-hellman-idUSBRE9740JZ20130805| title=Hellman & Friedman agrees to acquire Hub in $4.4 billion deal | author=Greg Roumeliotis and Tanya Agrawal | publisher=Reuters | date=5 August 2013}}</ref> |
||
In March 2020, Hub International Limited and Morneau Shepell Inc. announced the sale of Morneau Shepell's benefits consulting practice to Hub.<ref>{{Cite web|url=https://finance.yahoo.com/news/hub-international-acquires-benefits-consulting-133000993.html|title=Hub International acquires the benefits consulting practice of Morneau Shepell Inc.|website=finance.yahoo.com|language=en-US|access-date=2020-03-03}}</ref> Also in March, Hub International Limited announced the acquisition of assets of Linton & Associates Insurance Agency. Terms of the deal were not disclosed.<ref>{{Cite web|url=https://www.insurancebusinessmag.com/us/news/breaking-news/hub-acquires-new-mexico-agency-215944.aspx|title=Hub acquires New Mexico agency|last=Smith|first=Ryan|website=Insurance Business|language=en|access-date=2020-03-05}}</ref> |
In March 2020, Hub International Limited and Morneau Shepell Inc. announced the sale of Morneau Shepell's benefits consulting practice to Hub.<ref>{{Cite web|url=https://finance.yahoo.com/news/hub-international-acquires-benefits-consulting-133000993.html|title=Hub International acquires the benefits consulting practice of Morneau Shepell Inc.|website=finance.yahoo.com|language=en-US|access-date=2020-03-03}}</ref> Also in March, Hub International Limited announced the acquisition of assets of Linton & Associates Insurance Agency. Terms of the deal were not disclosed.<ref>{{Cite web|url=https://www.insurancebusinessmag.com/us/news/breaking-news/hub-acquires-new-mexico-agency-215944.aspx|title=Hub acquires New Mexico agency|last=Smith|first=Ryan|website=Insurance Business|language=en|access-date=2020-03-05}}</ref> |
||
Revision as of 11:11, 5 July 2021
 | This article needs additional citations for verification. (December 2019) |
 | |
 A Hub International Gillette, Wyoming | |
| Company type | Private |
|---|---|
| Industry | Insurance |
| Founded | 1998 |
| Headquarters | 300 North LaSalle St, Chicago, Illinois United States |
Number of locations | 415 (2017) |
| Products | Insurance |
| Revenue |  $1.47 Billion USD[1] (2015) |
| Owner | Hellman & Friedman |
Number of employees | 10,000 (2016) |
| Website | www |
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 less than 300 employees and less 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]
Recent news
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, Hub International Limited announced the acquisition of assets of Linton & Associates Insurance Agency. Terms of the deal were not disclosed.[5]
References
- ^ "Top insurance brokers: Hub International Ltd. - Business Insurance".
- ^ "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.
- ^ Greg Roumeliotis and Tanya Agrawal (5 August 2013). "Hellman & Friedman agrees to acquire Hub in $4.4 billion deal". Reuters.
- ^ "Hub International acquires the benefits consulting practice of Morneau Shepell Inc". finance.yahoo.com. Retrieved 2020-03-03.
- ^ Smith, Ryan. "Hub acquires New Mexico agency". Insurance Business. Retrieved 2020-03-05.
External links
  | This article about a financial services corporation of the United States is a stub. You can help Wikipedia by expanding it. |