Hub International, a US-based insurance brokerage firm, has rolled out its first eight industry specialty practices to provide industry expertise and proprietary solutions to better manage clients’ risks.
Besides helping Hub International to differentiate itself, the new specialty practices will provide advocacy and customised insurance solutions to its clients.
Hub has selected the eight industries that are positioned for growth, and where the company already has deep expertise and a substantial portfolio of clients.
Hub’s first specialty practices comprise transportation, financial institutions, entertainment/sports, construction, agriculture, hospitality, real estate and healthcare.
Hub International president of specialties and programmes Chris Treanor said: “Hub mobilised hundreds of our specialists across North America in our more than 400 offices to ensure our industry strategy would succeed in our decentralised environment to continue serving our local market customers and prospects.
“Specialties is a thoughtful and significant effort in our ongoing growth strategy and will impact our success as one of the largest brokers in the world.”
Hub Specialties are model-based which enables the firm to scale and establish future industry specialties based on regional requirements and client demands.
Hub International offers property and casualty, life and health, employee benefits, investment and risk management products and services across North America.