Filed Under:Markets, Workers Compensation

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. 

Featured Video

Most Recent Videos

Video Library ››

Top Story

The 20 best apps for insurance agents and small business owners

Don't be deceived by the name: owning a small business is a massive undertaking. Fortunately, there are numerous apps that can make your life a lot easier.

Top Story

Will the auto insurance industry be obsolete in 20 years?

Self-driving cars and ride-sharing services could be the start of a trend toward the end of auto insurance as we know it.

More Resources

Comments

eNewsletter Sign Up

Workers' Comp Watch eNewsletter

Receive critical business insights into issues related to worker's comp insurance. Sign Up Now!

Mobile Phone

Advertisement. Closing in 15 seconds.