Chicago-based insurance broker Hub International Limited has acquired Mones & Associates Insurance Brokers Inc., one of the largest personal and commercial insurance brokers in western and northern Canada with approximately $10 million in annual revenue, from Aviva Canada Inc.
Mones also operates under the name of Arctic Insurance Brokers Ltd in select markets. As a result of this acquisition, Hub will expand its operations to the following seven new locations in Canada: Edmonton, Calgary, Saskatoon, Prince Albert, Iqaluit, Whitehorse and Yellowknife. Terms of the acquisition were not disclosed.
Mones will become part of the Hub International Barton operation, based in Chilliwack, British Columbia.
Topics Mergers & Acquisitions Agencies Canada
Was this article valuable?
Here are more articles you may enjoy.
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model 
Florida Needs More – Much More – Wind Mitigation, Say Experts at OIR Summit 
How Niche Insurance Shielded Bad Bunny From Bad Weather 
State Farm Agrees to $15M Settlement for Underpaid Vehicle Claims 
