9 July 2018 13:30
Photo : Freepik
Hub International continues its growth strategy by announcing the acquisition of two firms in group insurance, Optimum Group Benefits & Insurance Services, British Columbia, and Wm. W. Hammond Insurance Angecy, located in Ontario.
With these transactions, the Hub does not hide his ambition to reach 100 million dollars (M$) revenues commissions and benefits by 2021. In 2018, Hub, specific to have acquired a volume of$ 20 Million, and claims to have the intention to continue its momentum to reach its goal through acquisitions and organic growth.
Fill a void
“The Hub has recognized a void in the sector of group insurance and employee benefits for companies of average size in Canada. While these companies currently have the option of working with larger firms for their solutions in social advantages, it is difficult for these firms to offer the resources necessary to generate value for clients in the middle market, ” stresses Tina Osen, president of Hub International Canada.
Optimum join Hub TOS and shall report to Carol Mills, director-sales of Hub TOS. Hammond will join Hub, Ontario and will report to Gregory Belton, chairman of the board of directors of the division of wealth management and employee benefits and as a Hub to Ontario.
Moreover, the firm has named Faizal Mitha as head of innovation for the sector of the benefits.