Oct 14, 2011 – Hub International acquires assets of Ross Benefits Group
HUB INTERNATIONAL ACQUIRES ASSETS OF THE ROSS
Chicago, IL, October 14, 2011: Hub International Limited (Hub), a leading insurance
brokerage firm, announced today that it has acquired the assets of The Ross Benefits
Group, Ltd. (Ross), a New York City-based employee benefits brokerage and consulting
firm. Terms of the acquisition were not disclosed. Ross is the Group Health and Benefits
division within The Ross Companies and is the sole division of the Ross Companies
affiliated with this transaction. The employees of Ross will become part of the Hub
International Northeast Limited team and will move into Hub’s existing office in
Manhattan, reporting to Joseph Torella, President, Employee Benefits Division, Hub
Offering creative solutions to its clients since the 1960’s, Ross provides traditional Health
& Welfare Group Insurance services to companies throughout the New York
metropolitan area in a wide range of industries, including financial services, law,
engineering, education, marketing, advertising, and retail. They offer a full suite of
advisory and brokerage services for all lines of insurance coverage including Medical,
Dental, Short and Long-Term Disability, Accidental Death & Dismemberment, Dental,
Vision and Life Insurance.
“We are pleased to welcome the Ross team and their existing clients to Hub,” said Joseph
Torella, President, Employee Benefits Division, Hub International Northeast.
“In this critical time when Health Care Reform is being implemented and healthcare cost
trends are accelerating, it is important that we forge strong partnerships with other well
established brokers who are committed to providing their clients with the highest level of
consultancy and leading-edge client service and strategy development. We look forward
to working with the talented individuals who will be joining us and providing them with
the value-added resources that only a top 10 global insurance brokerage can provide.”
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 on the deal.