2006 | Press Release

Mar 17, 2006 – Hub International Limited acquires Kagan Life & Health Insurance Services Inc.

LEADING LOS ANGELES INSURANCE BROKERS KAGAN AND KOZBERG
JOIN HUB INTERNATIONAL

LOS ANGELES ñ March 17, 2006: Hub International Limited (NYSE/TSX: HBG) today
announced that two of Californiaís best known insurance brokers have joined the
companyís regional hub in the Los Angeles area. Richard Kagan and Roger Kozberg are
forming a new division of Hub International of California Insurance Services, Inc. (HUB
California) called Kagan-Kozberg.
Richard Kagan joins HUB California as a leader of the new division. Kagan is a wellestablished leader in the California brokerage community and active in civic and
nonprofit organizations. He is currently the President of the Board of Directors of the
Center Theatre Group of the Los Angeles County Music Center, one of the nationís
largest non-profit theaters. He is also on the Board of Directors of the Los Angeles Police
Foundation and the Chairman of the Chiefís Circle. Roger Kozberg, a leading
commercial lines broker in Los Angeles, also joins this division of HUB California.
Kozberg serves on the Board of the California State Teachers Retirement System and is
active in a number of other civic and charitable organizations.
ìWe are delighted by the addition of two highly respected and successful professionals to
our growing organization,î said Roy Taylor, CEO of HUB California. ìRichard and
Roger bring substantial market insight, reputation and client relationships to our
business.î
In the recent past, Kagan and Kozberg were instrumental in building one of Californiaís
largest independent insurance brokerages while working with current Hub International
director James McElvany. That brokerage was subsequently sold to a larger broker,
which Kozberg joined and Kagan maintained his well-regarded independent operation
called Kagan Life & Health Insurance Services, Inc. (KLHI). HUB California has
acquired certain of KLHIís assets.
Kagan said the sale to Hub creates significant opportunities to enhance client service and
attract new business partners. ìHUB Californiaís resources in both commercial and
personal lines of insurance provide important access for our clients,î he said. ìThis is a
great match and I look forward to building the employee benefits business with my new
colleagues at Hub.î
Kozberg noted that HUB California will bring considerable opportunities in the property
and casualty area, a market we know well. ìRichard and I have known each other for
many years and we have spoken a number of times about a formal collaboration. Now we
have the opportunity to realize that goal as part of a valued and trusted international
brokerage.î
Terms of the transaction were not disclosed.
Headquartered in Chicago, IL, Hub International Limited is a leading North American
insurance brokerage that provides a broad array of property and casualty, life and health,
employee benefits, investment and risk management products and services through
offices located in the United States and Canada.
Mystic Capital Advisors Group, LLC provided transaction advisory services to Hub
International. For more information on Mystic Capital, please contact Kevin P.
Donoghue at 212-251-0972 or visit www.mysticcapital.com
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