Hub acquires Benefit Broker Services in Ontario

Global insurance brokerage Hub International continued its aggressive expansion strategy this year with the acquisition of Ontario-based Benefit Broker Services. Terms of the deal were not announced.

Benefit Broker offers innovative benefits and pension solutions and is based in Wallaceburg, Ontario. Scott and Stacey Ewing of Benefit Broker will join Hub Ontario and report to Rob Tamblyn, President of Benefits, Hub Ontario.

The deal follows Hub’s announcement last month of its corporate strategy to bring together the best entrepreneurial skills and talents across Canada to develop a comprehensive benefits solution.

“Hub recognized a gap in benefits for mid-market employees in Canada. While mid-sized businesses currently have the option of working with a large brokerage firm for employee benefits solutions, it is difficult for these brokers to provide the resources necessary to generate value for mid-market clients ” said Tina Osen, President of Hub International Canada. . “Hub’s shared service model allows our clients to maintain a relationship with their local broker while having access to tailored insurance solutions from a leading global brokerage.

According to International Benefits Hub President Mike Barone, the company is interested in companies that can bring new expertise to complement its offerings to its customers by attracting and retaining their current and future workforce.

“With a ready pipeline of over 130,000 P&C clients, we’re not just looking to earn revenue, but rather seek out talent and companies that want to be part of our strategy and share our client-centric entrepreneurial culture. “, added Barone.


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