Hub International Ltd., the Chicago-based insurance broker, announced it has acquired Global Credit Risk Management Inc. (GCRM).
Terms of the transaction were not disclosed.
With a national presence and offices located in Ontario and Alberta, GCRM is an independent broker of accounts receivable and political risk insurance. It provides accounts receivable insurance and advisory services to businesses, including manufacturers, commodity traders, the services sector, finance professionals, and to Canada’s leading banks and other financial intermediaries.
GCRM supports Hub’s Specialty Practices, which includes financial institutions, by complementing and strengthening Hub’s offering to all industries, banks, lending institutions and investment firms.
The principals of GCRM, John Middleton, Athan Bardis and Eric Pilon, and their team will join Hub Ontario and report to the Ontario leadership team.
Employing more than 13,000 in officed throughout North America, Hub International Ltd. is a full-service global insurance broker that provides risk management, insurance, employee benefits, retirement and wealth management products and services.
Source: Hub International
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