Global insurance brokerage firm Hub International has further bolstered its presence in Canada by acquiring Southland Insurance Brokers for an undisclosed sum.
Southland has been offering commercial, home, auto and travel insurance in the area for more than five decades.
The acquired entity will join Hub Ontario and will be headed by Rob Keilty, CEO of Hub Ontario.
Keilty said: “Hub has a large practice in Southwestern Ontario and we are excited to expand our capabilities in the region with the acquisition of Southland.
“Southwestern Ontario is an important area for economic development in Ontario and Hub Ontario is committed to growing our presence in this region.”
Southland president Stephen Savage said: “Our clients can continue to rely on our dedication to service that has earned us a reputation of a widely-respected insurance organization and community supporter. And they’ll gain the added benefits and value from Hub’s focus and willingness to invest in areas that help deliver the best products and services.”
The latest transaction has boosted Hub’s footprint in Canadian market. Earlier in July, the company acquired Independent Financial Concepts Group (IFCG), a Canadian managing general agency (MGA).
Separately, Hub acquired the assets of Texas-Based The Ward Agency. The acquired agency offers comprehensive employee benefits, retirement plans, workplace wellness programs, and individual health and life insurance plans.