Hub International Limited Acquires Hirsch Wolf
CHICAGO–(BUSINESS WIRE)–May 2, 2006–Hub International Limited
(NYSE:HBG)(TSX:HBG) today announced the acquisition by its New York subsidiary,
Hub International Northeast (HUB Northeast), of the assets of Hirsch Wolf & Co., LLC,
a Brooklyn-based property and casualty insurance brokerage with special expertise in the
healthcare industry. Terms of the transaction were not disclosed. Hirsch Wolf will add
approximately $7 million to HUB Northeast’s revenue base.
“We are delighted to bring this highly talented and motivated team of insurance
professionals to our organization,” said Marc Cohen, president of HUB Northeast.
“Hirsch Wolf, with their unique expertise in the healthcare industry, will enable us to
grow in this class of business countrywide.”
The business, management, and staff of Hirsch Wolf will remain the same and continue
to operate out of their existing office in Brooklyn, NY.
“I am very pleased to be associated with one of the largest, most professional insurance
organizations in the country,” said Hirsch Wolf. “We will now be able to access some of
the most highly competitive programs and insurance markets that only the largest
national brokers can offer. Our clients will be the biggest beneficiaries of this deal.”
Headquartered in Chicago, IL, Hub International Limited is a leading North American
insurance brokerage that provides a broad array of property and casualty, reinsurance, 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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