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. 

Comments

Resource Center

View All »

Is It Time To Step Up And Own An Agency?

Download this eBook for insight on how to determine if owning an agency is right...

Claims - The Good The Bad And The Ugly

Fraudulent claims cost the industry and the public thousands of dollars in losses. This article...

Leveraging BI for Improved Claims Performance and Results

If claims organizations do not avail themselves of the latest business intelligence (BI) tools, they...

Top 10 Legal Requirements for E-Signatures in Insurance

Want to make sure you’ve covered all your bases when adopting e-signatures? Learn how to...

Get $100 in leads with $0 down!

NetQuote's detailed, real-time leads have boosted sales for thousands of successful local agents across the...

The Growing Role of Excess & Surplus Lines in Today’s...

The excess and surplus market (E&S) provides coverage when standard insurance carriers cannot or will...

Increase Sales Conversion with this Complimentary White Paper

This whitepaper will share proven techniques - used by many of the industry's top producers...

D&O Policy Definitions: Don't Overlook These Critical Terms

Unlike other forms of insurance where standard policy language prevails, with D&O policies, even seemingly...

Environmental Risk: Lessons Learned from Willy Wonka and the Chocolate...

Whether it’s a chocolate factory or an industrial wastewater treatment facility, cleanup and impacts to...

More Data, Earlier: The Value of Incorporating Data and Analytics...

Incorporating more data earlier in claims lifecycles can help you reduce severity payments by 25%*...

Workers' Comp Watch eNewsletter

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

Advertisement. Closing in 15 seconds.