Global insurance brokerage Hub International has announced the acquisition of the assets of Canada-based, independent employee benefits consulting firm, W.R. Carey Corporation (Carey Corp).
Following the transaction, of which the terms have not been disclosed, actuary Bill Carey alongside all of the employees of Carey Corp will join Hub International Manitoba Limited (Hub Manitoba).
Keith Jordan, President and Chief Executive Officer (CEO) of Hub Manitoba, commented: “Carey Corp has an excellent and established reputation as an employee benefits consultant and broker, with over 30 years of experience. They will further expand our platform to deliver a best-in-class employee benefits service experience to our clients.”
Hub International states that the move reinforces its ongoing Canadian employee benefits growth and services strategy, expanding its employee benefits and pension solution to address client challenges.
Commenting on the acquisition, Carey said: “Ongoing and expanded service to our clients is of utmost importance to us.
“All Carey Corp employees, me included, will continue on at Hub. We will personally continue to work with and service our clients, as we have always done. With the continued expansion of Hub’s employee benefits solutions in Canada, its recognized insurance and risk services, its local size and expertise in the Winnipeg office, and its international reach, Hub is the ideal firm for us and our clients to join and with which to continue to advise clients on a broad range of employee benefit issues.
“We are excited to be able to continue working with our clients, and to have access to an expanded array of services and expertise.”