HUB International swoops for Alberta assets

HUB International swoops for Alberta assets
HUB International swoops for Alberta assets
INSURANCE NEWS
By Terry Gangcuangco
May 09, 2024

HUB International has acquired assets from 2197747 Alberta Ltd.

In a brief announcement, the insurance brokerage and financial services firm said the acquisition strengthens its commercial and personal insurance capabilities.

According to HUB, 2197747 Alberta is partially owned by insurance consultant Carianne O’Connor. Based in Edmonton, O’Connor specializes in commercial insurance, including farm, as well as home and auto insurance. O’Connor is joining the Prairies operations at HUB.

The financial terms of the deal were not disclosed.

The Alberta swoop comes on the heels of recent HUB acquisitions in the US – namely in Michigan, Massachusetts, and California. Earlier this week, HUB announced that it snapped up the assets of True North Group Insurance Services for its Midwest East division.    

Headquartered in Illinois, HUB employs more than 17,000 people across North America.

What do you think about this story? Share your thoughts in the comments below.

Related Stories
Free newsletter

We'll keep you up-to-date with the latest breaking news, cutting edge opinion, and expert analysis affecting both your business and the industry as whole.

Free newsletter

Our daily newsletter is FREE and keeps you up - to - date with the world of Insurance. Please complete the form below and click on subscribe for daily newsletters from IB CA.