HUB International furthers Canadian group benefits practice with acquisition

HUB International furthers Canadian group benefits practice with acquisition | Insurance Business

HUB International furthers Canadian group benefits practice with acquisition

Hub International’s mission to grow its employee benefits practice in Canada continues, with the global broker acquiring R Bruce Inc., dba RBI Advisory Group.

RBI Advisory Group is a provider of strategic group benefit advisory services to employers and associations from its location in Okotoks, Alberta. It has been in business for almost 20 years, a release said.

Following the acquisition, RBI Advisory Group managing partner and owner Rick Achtymichuk will join Hub International Insurance Brokers, a division of Hub International Canada West ULC.

Read more: Hub swoops for Canadian benefits firm

Read more: Hub furthers Canadian M&A spree

Read more: Hub acquires another employee benefit consulting firm in Ontario

Hub’s strategy to acquire more employee benefits firms across Canada has carried over from last month, when it acquired three such companies. One of the acquired firms was in Saskatchewan, Regency Advisory Corporation, while the other two were based in Ontario - ProCorp Financial and PDF Financial Group.