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Hub Makes Biggest Acquisition, Spending $90M For Safecos TalbotIn its first U.S. acquisition of 2004, and the first major deal since putting in place a dedicated acquisition team, Hub International kicked off its strategy to expand its U.S. footprint with a $90 million deal for Talbot Financial, a unit of Safeco.

This was one of two separate cash transactions announced by Safeco last week, with the other involving the sale of its life and investment businesses. (For details, see page 10.)

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