Hub worldwide constrained, a international insurance
brokerage, introduced that its subsidiary Hub economic Inc. has acquired the
shares of MGA companions Inc., an Ontario Canada-primarily based handling
standard business enterprise. phrases of the acquisition were now not
disclosed.
the purchase broadens Hub’s footprint in Canada’s jap
provinces, and its attain to financial advisers and coverage brokers looking
for multi-fund insurance and risk answers while keeping their independence.
MGA has six locations in Windsor, London, Ottawa and Font
Hill, Ontario, and places of work in Prince Edward Island and Halifax. every
will remain in operation. With the acquisition, Hub monetary will operate
sixteen places with more than two hundred employees all through Canada.
Peter B. Lamarche, president, MGA, Patrick Kelly, vp, MGA,
and Miklos Valsamas, vice president & leader compliance officer, MGA, will
be a part of Hub with their workforce and hold of their roles.
“we are dedicated to supporting unbiased economic advisers
and coverage agents in working their businesses in a fully self-governing
manner,” referred to Terri DiFlorio, president, Hub financial. “We provide
complete guide and a solid infrastructure to allow them to develop their
practices. This same philosophy will carry over and continue with MGA’s
brokers.”
about Hub economic offerings
Hub economic services develops custom designed coverage
applications and chance control solutions for financial institutions’ unbiased
advisers and brokers. Hub economic said it serves greater than 700 financial
group clients inside the US and Canada, with solutions for lead lending hazard
management, government line, optionally available charge protection debt and
direct market loyalty and affinity programs.
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