Hub swoops for Canadian insurance business

Hub swoops for Canadian insurance business | Insurance Business

Hub swoops for Canadian insurance business

Hub International has announced the acquisition of the property and casualty insurance business of Cypher Systems Group (CSG) and certain affiliates, an insurance brokerage that services large Canadian group and affinity programs. The acquisition will also establish a new regional operation for Hub, Hub Customer Central (HCC), which will be based in Windsor, Ontario. Terms of the acquisition were not disclosed.

“Now more than ever, brokers need to understand where clients really find value to spur investments in efficiencies and create a strategy to differentiate,” said Tina Osen, president of Hub Canada. “Acquiring this best-in-class operation also brings us into the high-volume marketplace. CSG brings expertise in scaling and running operations for large insurance programs, and the capability for new opportunities to accelerate our growth and improve the services we offer our current and future clients.”

HCC will be led by the CSG executive team, which will report to Osen. The team includes Stephen Savage, John Savage, Brian Schwab and Dave Dyer.

“The transition to Hub creates tremendous potential, as our business philosophies align well and Hub brings the financial strength and resources to enhance our platform and infrastructure to support even stronger customer service, growth, and success,” Dyer said.

 

Related stories: 
Hub International acquires Windsor-based company’s insurance division
Hub International acquires Toronto-based MGA