Reinsurance News

Hub International

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

Hub International acquires Canadian employee benefits firm, Benefex

6th February 2020

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, ... Read the full article

Hub International acquires Cranbrook Bloomfield

8th January 2020

Global insurance brokerage Hub International has acquired the assets of Cranbrook Bloomfield Insurance Agency (CBIA). Terms of the transaction were not disclosed. Headquartered in Bloomfield Hills, Michigan, CBIA is an independent insurance brokerage that provides personal and commercial insurance, and employee benefits solutions. Agency principals John Williamson and Mark Barrett will join ... Read the full article

Hub International acquires California insurer HMBD

3rd December 2019

Global insurance brokerage Hub International has announced the acquisition of Hamman-Miller-Beauchamp-Deeble, a full service insurance agency providing multi-line insurance solutions. Located in California, HMBD focuses on industries such as construction, healthcare, and transportation. The acquisition is expected to support Hub’s specialty practices by complementing and strengthening its existing capabilities. "I am pleased to ... Read the full article

Hub International acquires Canada’s Carey Corp

14th November 2019

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 ... Read the full article

Hub International acquires Insurance Center of New England

5th August 2019

Global insurance broker Hub International Limited has acquired Massachusetts-based independent insurance brokerage, Insurance Center of New England, Inc. (ICNE). Terms of the transaction were not disclosed, but it has been announced that President and Chief Executive Officer (CEO) of ICNE, Bill Trudeau will join Hub New England, reporting to Timm Marini, ... Read the full article

Hub International acquires the Crichton Group

10th July 2019

Chicago-based global insurance brokerage Hub International has announced the purchase of The Crichton Group (TCG). TCG is an independent, full-service commercial, employee benefits and personal lines agency based in Nashville, Tennessee. With this acquisition, Hub intends to create a new regional Hub to be called Hub Mid-South, which will include Hub's existing ... Read the full article

Hub International acquires The Insurance Exchange

14th March 2019

Chicago-based global insurance broker Hub International has announced the acquisition of The Insurance Exchange for an undisclosed consideration. Based in Rockville, Maryland, The Insurance Exchange is one of the largest independent insurance agencies in the Mid-Atlantic region. It provides solutions for employee benefits consulting, commercial property & casualty, loss control, bonding, risk ... Read the full article

Sompo GRS offers U.S umbrella product to HUB risk purchasing group

16th April 2018

Sompo Global Risk Solutions (GRS) is to offer umbrella insurance on U.S accounts in the commercial real estate and hospitality industries to a new casualty insurance risk purchasing group developed by HUB International Limited (HUB). Sompo GRS, which is a subsidiary of Bermuda-based specialty property and casualty (P&C) re/insurer Sompo International, ... Read the full article

Hub targets growth with launch of first eight industry specialty practices

14th February 2018

Global insurance brokerage, Hub International Limited (Hub), has launched its first eight industry specialty practices, based on industries that are positioned for growth and where the firm has solid expertise. As well as being based on industries that hold good growth potential and where Hub has expertise, the eight specialty practices ... Read the full article