Hub International
| Company type | Private |
|---|---|
| Industry | Insurance brokerage |
| Founded | 1998 |
| Headquarters | Chicago, Illinois , United States |
Area served | North America |
Number of employees | 10,000+ |
HUB International Limited is a prominent insurance brokerage firm operating throughout North America, providing a comprehensive range of services including property and casualty insurance, risk management, life and health coverage, employee benefits, as well as investment and wealth advisory solutions. The company maintains a network of more than 375 locations across the United States and Canada and employs upwards of 10,000 professionals. Its corporate headquarters is located in Chicago, Illinois.
Established in 1998 with a workforce below 300 and fewer than 50 offices in Canada, HUB International transitioned to private ownership in early 2007 following an acquisition led by a private equity consortium spearheaded by Apax Partners.
History
In August 2013, the private equity firm Hellman & Friedman completed the purchase of HUB International for an estimated $4.4 billion.
March 2020 marked HUB's enhancement of its benefits consulting division through the acquisition of Morneau Shepell Inc.'s benefits consulting operations. During the same month, HUB also expanded its presence in New Mexico by acquiring Linton & Associates Insurance Agency; however, the financial terms were not disclosed.
In October 2021, HUB's Specialty Program Group broadened its offerings by acquiring CM&F Group, a healthcare liability insurance provider.