A Canadian broker is merging with Hub International Ltd. and expanding the broker's presence in Ontario.
Chicago-based broker Hub International and HKMB International Insurance Brokers in Toronto, Canada announced a definitive agreement last week to join their operations. HKMB will become a new regional platform for Hub and be renamed HKMB Hub International, working from its existing offices.
The firm's existing ownership group will continue as equity partners in the combined firm. Additional terms of the deal were not released.
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