10 January 2019 13:30
Photo : Freepik
Hub International has acquired the firm in damage insurance Forum Risk and Insurance. The terms of the transaction, which was concluded on 1 January, were not disclosed.
For Francis Jean, president of Forum, the integration of the office Hub is the opportunity to access important resources. “We work mainly with medium-sized and large enterprises. Hub gives us access to resources and a network that will benefit our clients, ” he confided to the Journal of the insurance. He says he also wanted to appoint a “strong team” in order to better help the customers of the Forum in the management of their risks.
“Hub has a practice of building exceptional and we are delighted to be able to contribute to the growth of the capacity of the Hub in this specialized sector “, pointed out Alain Giroux, executive vice-president and co-founder of Forum.
Not barred from offering group insurance
Mr. Jean does not exclude to offer its customers products in the group insurance and employee benefits, of the sectors on which the Hub highlighted in particular. The american firm revealed last summer its strategy to achieve $ 100 million (M$) revenue commission by 2021.
Hub also announced the acquisition of a firm vancouverites specialized in employee benefits earlier this week.
Integration of the employees to the Hub
MESSRS. John and Giroux will join the management team of Hub Quebec. They will report to Robert Dunn, vice-president of the board of directors and executive vice president of Hub Quebec.
Mr. Jean has also confirmed that all employees of the Forum will join the Hub and that they will integrate its offices by April 1, next.