October 20, 2014 by Canadian Underwriter
Hub International Limited announced Monday that Hub International Atlantic Ltd., based in New Brunswick, has acquired a book of auto dealer business from independent broker Alliance Assurance Inc. Terms of the acquisition were not disclosed.
Rolf Spangenberg, a producer from Grand Falls, N.B.-based Alliance, with experience in the region’s commercial insurance market, will help expand Hub Atlantic’s general middle-market business, according to the announcement.
“Hub International is committed to growth through organic efforts and acquisitions,” its statement noted.
“It continues its aggressive pace of identifying and acquiring entrepreneurial brokers that are dedicated and focused on providing local market specialization, while at the same time looking to leverage the resources and tools of a global brokerage.”