International firm snaps up Canadian MGA
Acquisition is part of a significant growth strategy to expand the company’s footprint
INSURANCE NEWS
By Ryan Smith
Sep 06, 2016
Global insurance brokerage Hub International Limited has acquired Alberta-based MGA New Dimensions Underwriters, according to a news release. Terms of the acquisition were not disclosed.

New Dimensions is a managing general agency based in Edmonton. Beginning life as the Davis Agency, New Dimensions has been an Edmonton institution since 1948. Its owner and president, Russ Davis, will join Hub Financial as part of its management team, according to the release.

Hub International, based in Chicago, provides casualty, life and health, employee benefits, investment and risk management products and services across North America. It’s pursuing a growth strategy to expand its footprint both organically and through acquisitions.


Related Stories:
JLT announces acquisition of reinsurer
Hub International acquires California-based life and disability insurer

 
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.