Global insurance brokerage, Hub International, has announced the acquisition of Alberta, Canada-based employee benefits and retirement consulting firm, Benefex Consulting Inc.
Benefex has a specialised focus on group insurance programs, retirement, wellness solutions, and special risk coverage that addresses the unique requirement of clients.
Currently, Benefex serves clients in British Columbia, Alberta, Saskatchewan, Ontario, and the Yukon and Northwest Territories.
Terms of the transaction have not been disclosed, but it has been revealed that Wade Cox, Kyle Stinson, and Brad Seib, all of whom are Principals at Benefex, will join Hub International Insurance Brokers, a unit of Hub International Canada West ULC. In addition to leading the Benefex team under Hub Canada, West, Cox, Stinson, and Seib will continue to offer in-depth consulting services to their clients.
Kevin Rome, President of Employee Benefits, Hub Canada West, commented: “We are excited to add another dynamic firm to our expanding employee benefits platform. The Benefex team has a long-standing reputation of excellence in the Alberta benefits marketplace.
“Their commitment to client service and tenacity in supporting their clients’ interests align very well with our core values. Their experience in providing advice and mitigating risks make them a great addition to our Hub Canada West team.”
Wade Fox, Benefex Managing Partner, added: “At Benefex, providing our clients with well-designed benefits and retirement solutions along with sound advice have always been key to our offering of superior value. Our clients will continue to benefit from this approach and will now have access to a broader range of services and support that make Hub a leading global firm.”