Chicago-based insurance brokerage Hub International Ltd. has acquired Windsor, Ont.-based independent group benefits and retirement firm The Benefits Company, Inc. (TBC), the companies announced on Tuesday.<\/p>\n
The acquisition bolsters the group benefits offering at Hub International, which is the parent company of Woodbridge, Ont.-based managing general agency Hub Financial Inc.<\/p>\n
TBC\u2019s advisors specialize in group benefit and retirement programs. The firm offers products and services from more than 15 supplier companies.<\/p>\n
TBC also offers a proprietary pension governance and member care system called the Greenlight Retirement Program, which combines defined contribution registered pension plans into a single program that consolidates the governance function for all sponsors.<\/p>\n
\u201cThe addition of TBC will greatly strengthen our retirement and benefits operations in Ontario,\u201d said Greg Belton, executive chairman of Hub Ontario, in a statement.<\/p>\n
TBC\u2019s satellite offices, located in London, Sarnia and Ancaster, are not included in the acquisition.<\/p>\n
Rob Tamblyn, president of TBC, will report to Belton.<\/p>\n
\u201cJoining Hub allows TBC to leverage the resources of one of North America’s largest insurance brokers and enhance our dedication to exceptional, consistent client services,\u201d said Tamblyn in a statement.<\/p>\n
Terms of the acquisition were not disclosed.<\/p>\n","protected":false},"excerpt":{"rendered":"
The acquisition of The Benefits Company will strengthen Hub\u2019s retirement and benefits operations<\/p>\n","protected":false},"author":38954,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2318,2312],"tags":[2432,2347],"yst_prominent_words":[5314,22759,22418,22417,22416,18678,18070,9728,9092,8663,6878,5951,5834,18,5187,5085,4747,4738,4032,1825],"acf":[],"_links":{"self":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/348615"}],"collection":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/users\/38954"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/comments?post=348615"}],"version-history":[{"count":3,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/348615\/revisions"}],"predecessor-version":[{"id":348864,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/348615\/revisions\/348864"}],"wp:attachment":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media?parent=348615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/categories?post=348615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/tags?post=348615"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=348615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}