Chicago-based broker Hub International Ltd. announced it has acquired RHC Insurance Brokers Ltd. and RHC Insurance Brokers (Cranbrook) Ltd.
Terms of the transaction were not disclosed.
Headquartered in Nelson, British Columbia, Canada, with nine additional offices across the province, RHC is an independent insurance brokerage that provides personal and business insurance. Tammy Darough, CEO and CFO of RHC, will assist Hub International Insurance Brokers, a division of Hub International Canada West (Hub Canada West), in an advisory role to ensure a seamless transition.
“RHC is an excellent addition to Hub,” said David Moon, president of Hub Canada West. “With RHC, we will continue to support long term growth throughout British Columbia and Western Canada. We are 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.”
“Hub has a stellar reputation in the industry, and I know our clients will benefit from Hub’s extensive platform,” according to Darough. “We are dedicated to providing and maintaining a comprehensive, competitive and holistic insurance program.”
Source: Hub International Ltd.
Topics Mergers & Acquisitions Agencies Canada
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