Hub International Limited (Hub), one of the leading global insurance brokerage firms, has reportedly acquired the several MGA assets of Ontario-based ivari.
With its headquarters in Toronto, Ontario, Canada, ivari has a nationwide network of independent consultants offering a full range of products for life insurance that can help Canadians make the right choice for their needs. Following the acquisition, the brokers and companies operating through the offices of the ivari company will join Hub Financial Inc., a Hub Financial subsidiary.
Sources cite that the strategic resource enhancement of ivari will enable the firm to continue to support independent advisers and existing partnerships, strengthening its mid-market position and offering growth prospects in the future.
Hub Financial integrates a wide variety of sales training and coaching with leading back-office support and excellent technology in order to provide financial advisors and insurance brokers with access to growth resources & training while retaining their integrity and flexibility. Hub Financial is one of the largest distributors of life insurance and investment solutions to advisors with the ease of local support and national scale security with offices across 15 cities in Canada.
Hub International Limited is a global full-service insurance company with head office in Chicago, Illinois that offers property, life, health, benefits for workers, investment and risk-management products and services. Hub's extensive network of professionals offers esteemed services on what matters most, with more than 12,000 staff in offices across North America and the security of consumers through proactive advocacy and customized insurance solutions.
In the last month, the company also acquired an Alberta-based independent consulting firm named HB Consultants. HB Consultants specializes in benefits communications, wellness solutions, group insurance programs, and risk management services.
HB Consultants’ Employee Benefits Advisor Elizabeth Harris and President Darrin Heise joined Hub International Insurance Brokers, a wing of Hub International Canada West ULC.