Canadian Underwriter

Hub acquires Quebec benefits brokerage

May 9, 2018   by Jason Contant

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Hub International has acquired the shares of a Quebec benefits brokerage, a move designed to strengthen benefits and retirement offerings throughout Canada.

The Chicago-based global insurance brokerage reported on May 7 that it acquired the shares of Les Avantages Sociaux Delta Inc., operating as the dElta Group. With offices in the greater Montreal area, the dElta Group is a multidisciplinary benefits brokerage that provides support and actuarial services for group insurance and retirement plans — as well as human resources and disability management — for mid-size and large businesses in Canada.

Terms of the acquisition were not disclosed.

The dElta Group team will join Hub Quebec. Roger d’Eschambault, founder and chairman of the dElta Group, will report to Stephen Blais, president of Hub Quebec.

Blais said in a statement that the dElta Group has “earned a strong reputation in the employee benefits and retirement industry based on its experience, relationships with the pension plan providers in Canada and a client-centric approach to servicing hundreds of Canadian companies.”

D’Eschambault added that by joining Hub, the dElta Group gains “scale and the infrastructure for tremendous growth given the multitude of additional resources and capabilities that exist within Hub. This will allow us to provide even more tailored benefits solutions for our clients while maintaining our highly personal approach to administering benefits and retirement plans.”

Mike Barone, Hub’s North American president of employee benefits, said that the brokerage remains “committed to acquiring firms that are focused on enhancing the client experience through a culture of collaboration and building a robust set of complimentary services that round out the benefits and HR experience for our clients. The dElta Group is a great fit for our strategy and we’re thrilled to welcome Roger and the dElta Group to Hub.”

The dElta Group is the result of an amalgamation of Les Advantages Sociaux Delta Inc., Ressources Humaines Delta Inc., and Le Groupe Financier Tanner-Deland Inc.

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