Hub International Limited said it plans to acquire BNC Insurance Services Inc., an Arizona-based insurance brokerage firm that does business under the name Milne & BNC Insurance Services. Terms of the deal were not released.
Phoenix-based Milne & BNC, producing approximately $19 million in revenue, has 85 employees in Phoenix, Prescott Valley, Cottonwood and Tucson, Ariz.; Bismarck, Mandan and Linton, N.D.; and Englewood, Colo. The operation will become a new regional platform doing business as Hub International Milne.
The firm was founded in 1990 and purchased in 2002 by BNC National Bank, a subsidiary of BNCCORP Inc. This marks the fourth major purchase by Hub International of a large brokerage operation from a financial institution.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
