Hub Int’l Acquires Division of Morneau Shepell
CBJ — Hub International is acquiring the benefits consulting division of Toronto-based Morneau Shepell. Financial terms of the deal were not disclosed.
“Hub has been bullish on its strategy to provide comprehensive end-to-end benefits services that address the challenges Canadian employers are facing to achieve their recruiting, retention and cost management goals,” says Tina Osen, President of Hub International Canada. “With Morneau Shepell’s benefits consulting practice, Hub will deliver highly differentiated services across all five lines of our business – property and casualty, employee benefits, retirement, risk services and personal lines – to clients large and small, in-country and cross border.”
Morneau Shepell’s benefits consulting practice provides specialized solutions for each individual client that best suits their needs.
The acquisition by Hub expands its strategic benefits solutions to an already impressive list of established solutions.
With headquarters in Chicago, Hub is the largest P&C broker in Canada with more than 130,000 corporate clients. The company provides full-service insurance broker providing property and casualty, life and health, employee benefits, investment and risk management products and services.