Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Hub International Limited reported that, despite a 37 percent increase in second-quarter revenues, net income dropped 63 percent after a charge for last year’s acquisition of Talbot brokerage in Albuquerque, N.M.

Chicago-based Hub said for the first six months of 2005 it paid $15.9 million in noncash-based compensation for Talbot, based on a total estimated cost of about $53 million. Hub expects the total cost of the deal in 2005 to be $27.8 million, decreasing to $9.3 million in 2006 and $1.7 million in 2007.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.