Reinsurance News
Hub International
HUB secures minority investment of $1.6bn reaching $29bn valuation
12th May 2025
Hub International Limited (HUB), a global insurance brokerage and financial services firm, has secured a minority common equity investment of approximately $1.6 billion, valuing HUB at a $29 billion total enterprise valuation. T. Rowe Price Investment Management, Inc., Alpha Wave Global, and Temasek are leading the investment through their advised funds ... Read the full article
CyberCube partners with HUB International to strengthen cyber risk analytics for clients
5th December 2024
CyberCube, a provider of cyber risk analytics solutions, has announced a new partnership with HUB International (HUB), an insurance brokerage and financial services firm. Through this collaboration, HUB will harness CyberCube’s software and expertise to deliver advanced cyber risk insights to clients across North America. As part of the partnership, HUB will ... Read the full article
HUB appoints Tim DeSett as President of North American Commercial Lines
30th October 2024
Hub International Limited (HUB), a global insurance brokerage and financial services firm, has announced the appointment of Tim DeSett as President of North American Commercial Lines. DeSett will report to Chris Treanor, President of Programs & Specialties at HUB. In his new role, he will focus on developing HUB's Commercial Lines ... Read the full article
Moody’s upgrades Hub’s corporate family rating with stable outlook
21st October 2024
Moody’s Ratings has upgraded Hub International Limited’s corporate family rating to B2 from B3, and its probability of default rating to B2-PD from B3-PD. According to Moody’s this decision was based on Hub’s steady credit metrics and our expectation that the company will maintain financial leverage toward the low end of ... Read the full article
Hub International Limited’s corporate family assigned B2 rating by Moody’s
3rd October 2024
Moody’s Ratings has upgraded Hub International Limited’s corporate family rating to B2 from B3, with a stable outlook, as well as its probability of default rating to B2-PD from B3-PD. According to the agency, this upgrade was based on the company’s steady credit metrics and Moody’s expectation that Hub will maintain ... Read the full article
HUB clients in North America to benefit from new Property Practice
22nd January 2024
Global insurance brokerage HUB, has announced the launch of the HUB Property Practice, which was created to better address complex challenges in the commercial insurance property market. HUB's extensive group of Property specialists throughout North America will provide clients with tailored risk management and insurance solutions to better address these challenges, ... Read the full article
HUB announces completion of “substantial” minority investment
19th September 2023
Global insurance brokerage HUB has successfully completed a substantial minority investment from Leonard Green & Partners, L.P. (LGP), along with several other prominent institutional minority investors. HUB had previously announced the deal with LGP in April 2023, confirming that it expects to receive a “substantial” minority investment from funds managed ... Read the full article
HUB International names Robert Hartman as Executive VP of Strategic Client Service Operations
7th September 2023
Global insurance brokerage and financial services firm, HUB International Limited (HUB), has announced the appointment of Robert Hartman to the newly created role of Executive Vice President of Strategic Client Service Operations. Hartman will also join the firm's Executive Management Team, where he will play a pivotal role in enhancing HUB's ... Read the full article
Blake Giannisis to lead HUB’s North American Property Practice
26th July 2023
Insurance brokerage HUB has appointed Blake Giannisis as North American Property Practice Leader. In his new role, Giannisis will lead the further development of HUB's property insurance practice, manage key market and wholesale partner relationships, and provide innovative solutions for the large and complex needs of clients. Giannisis commented: "Organisations today are ... Read the full article
Hub Intl. receives investment from PE firm, Leonard Green & Partners
3rd May 2023
Global insurance brokerage Hub International Limited (HUB), has entered into an agreement with Los Angeles-based private equity firm, Leonard Green & Partners, L.P. (LGP) for an expected “substantial” minority investment with HUB’s enterprise valuation of $23 billion. HUB said that the valuation marks the largest enterprise value to date for a ... Read the full article
Hub International launches ProEx Specialty Practice
15th November 2022
Hub International Limited (HUB), a global insurance brokerage and financial services firm, has announced the launching of its Professional & Executive Risk (ProEx) Specialty Practice. According to the announcement, this new practice formalises HUB's Specialization in Professional and Executive Liability Insurance Products, Risk Solutions and Claims Services. It brings together over 100 ... Read the full article
Marsh McLennan extends lead as top global broker based on 2021 revenues
6th July 2022
Marsh McLennan remains the world's largest re/insurance broker, in terms of total revenues, which reached a huge $19.8 billion for the firm in 2021, according to our directory of the Top 20 Global Insurance & Reinsurance Brokers, based on research data from A.M. Best. Year-on-year, Marsh McLennan's ... Read the full article
Hub announces new National Director of Commercial Markets
5th February 2021
Insurance broker Hub International has appointed Michael Chapman as National Director of Commercial Markets, effective immediately. In his new role, Chapman will be responsible for the development and execution of claims best practices, product development and special projects. With over 30 years of experience, he will be working collaboratively with HUB's Specialty ... Read the full article
Morgan Stanley partners with HUB, Marsh, and WTW on HNW P&C cover
7th August 2020
American investment bank, Morgan Stanley has announced that it will now be offering Property and Casualty (P&C) insurance to its high net-worth (HNW) clients and their families. Morgan Stanley has teamed up with re/insurance brokers HUB International, Marsh Private Client Services, and Willis Towers Watson (WTW) in order to offer this ... Read the full article
MMC pulls ahead in broker rankings but Aon + WTW could take top spot
3rd July 2020
Marsh & McLennan Companies (MMC) has extended its lead in the rankings of The Top 20 Global Insurance and Reinsurance Broking Groups, although a combined Aon and Willis Towers Watson (WTW) could claim the number one spot. As shown by our directory of the Top 20 Global Insurance & ... Read the full article
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