January 4, 2017 by Canadian Underwriter
Global insurance brokerage Hub International announced on Wednesday that it has acquired Canadian-based Mainline Insurance Brokers Inc., Indian Head Agencies (1980) Ltd., R&J McKay Agencies Ltd. and Cathedral Insurance Services (1995) Ltd. (together as Mainline).
Terms of the acquisition were not disclosed.
Based in southeastern Saskatchewan, Mainline has 16 offices throughout the province and is a property and casualty and personal lines insurance solutions provider. According to its website, Mainline was founded in 1991 in Grenfell, Sask. as an “association” of insurance brokers, which formed a corporation. Besides the aforementioned companies, Mainline also includes Mark’s Agency (1981) Ltd, the history section of its website reports.
Doug Trapp, CEO of Mainline, will join Hub Manitoba and report to Keith Jordan, president of Hub Manitoba, Hub said in a press release.
“We are excited to expand our geographic footprint into southeastern Saskatchewan,” Jordan said in the release. “The Mainline partners have built a tremendous organization of insurance professionals and experts. The partners of Mainline have been very community focused, and developed great relationships that Hub will continue to grow.”
Trapp added that the “Mainline team is extremely excited to join forces with Hub. Hub’s reputation and operating philosophy were important factors in our decision to align with them. As part of Hub, we’ll draw upon the resources and expertise of an international insurance brokerage while retaining our commitment to local client and community service.”
Headquartered in Chicago, Ill., Hub International Limited is a global insurance brokerage that provides property and casualty, life and health, employee benefits, investment and risk management products and services from offices located throughout North America.