Hub International Limited announced today that Hub Financial Inc. (HUB Financial) has acquired the Managing General Agency assets of Falkenberg Agencies Ltd. (Falkenberg), a British Columbia-based agency specializing in life and investment products. Terms of the transaction were not disclosed. The existing brokers at Falkenberg will continue to do business with HUB Financial.
“The acquisition of Falkenberg is a terrific opportunity for us and will allow us to expand the service offering to these brokers,” said HUB Financial President, Terri DiFlorio. “In addition to expanding our BC operation, we will be able to broaden the products available to Falkenberg which will create opportunity for all of us.”
“Joining HUB Financial allows us to focus our expertise and service capabilities on retail sales and take advantage of their broad range of products and services,” noted Andy Falkenberg.
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.
Contacts:
Daniel Goldsmith
Chief Financial
Officer
Phone: 312.279.4840
Daniel.Goldsmith@hubinternational.com
or
Hub
Financial Inc.
Jeff Botosan
Executive Vice President and Chief
Operating Officer
Phone: 905.264.1634
Jeff.Botosan@hubfinancial.com
