Filed Under:Agent Broker, Agency Management

USI & Hub Make Acquisitions

NU Online News Service, March 8, 12:41 p.m. EST

USI Insurance Services and Hub International recently announced acquisitions in Illinois and Canada.

USI acquired Euclid Insurance Retail property and casualty and employee benefits division from Euclid Insurance Services.

Formed in 1952, Euclid, based in Itasca, Ill., operates health and life general agency and a commercial managing general agency through Euclid Managers. Euclid will retain those properties. Also unaffected is their Euclid Insurance Agencies in Melbourne, Fla.

USI says it expects the acquired business to contribute more than $7 million in revenue to USI.

Hub International says it acquired Bettinson Insurance Group of Oakville, Ontario, Canada.

Bettinson is a commercial insurance broker specializing in arranging coverage for the aviation industry.

It will become part of HKMB Hub International Ltd.

Terms of both transactions were not released. 

Top Story

Shock, dismay and disappointment: P&C insurance industry's reaction to TRIA news

The U.S. Senate adjourned for the year on Dec. 15 without passing the Terrorism Risk Insurance Program Reauthorization Act.

CE & Training

One Low Price for Complete Access to All Courses

Choose from National Underwriter's complete library of courses available in your state to get the credits you need quickly and affordably. Take advantage of the Open Pass Package for only $49. Click here to start your training today!

More Resources

Comments

eNewsletter Sign Up

Agent & Broker Insider eNewsletter

Proven success tips and essential information to help agents and brokers grow their practice – FREE. Sign Up Now!

Mobile Phone
         

Advertisement. Closing in 15 seconds.