Prolific brokerage consolidator, Hub International Limited (Hub), has kicked off 2020 with the acquisition of British Columbia-based RHC Insurance Brokers Ltd. and RHC Insurance Brokers (Cranbrook) Ltd.
RHC is an independent insurance brokerage that provides personal and business insurance from 10 offices across British Columbia. David Moon, president of Hub Canada West described RHC as “an excellent addition” to Hub.
He commented: “With RHC, we will continue to support long term growth throughout British Columbia and Western Canada. We’re pleased to be able to meet the growing needs of both commercial and personal clients with our ever strengthening suite of insurance solutions and risk management services.”
Following the acquisition, Tammy Darough, CEO and CFO of RHC, will act in an advisory role for Hub International Insurance Brokers, a division of Hub International Canada West ULC (Hub Canada West), to ensure a seamless transition.
“Hub has a stellar reputation in the industry, and I know our clients will benefit from Hub’s extensive platform,” said Darough. “We’re dedicated to providing and maintaining a comprehensive, competitive and holistic insurance program.”
Terms of the transaction were not disclosed.
