September 8, 2016 by Canadian Underwriter
Global insurance brokerage Hub International Limited announced on Thursday that it has acquired Barrie, Ont.-based Sarjeant Insurance Brokers Limited.
Terms of the acquisitions were not disclosed. Hub has acquired the shares of Sarjeant, which specializes in providing property and casualty insurance solutions, including auto, residential, recreational vehicle and watercraft insurance, as well as “private client services” for valuables and collections, fine arts, wine collections and personal excess liability. Sarjeant also offers risk management services, building valuations, risk audits and contractual reviews, the company said on its website.
Randall Maxim, Sarjeant’s president, and Patricia Hanmer, Sarjeant’s vice president, will join Hub Ontario and report to Barry Hogan, president of Hub Gamble Division.
Earlier Thursday, Hub International acquired Edmonton-based New Dimensions Underwriters Ltd. The terms of the acquisition of the managing general agency were not disclosed. Russ Davis, owner and president of New Dimensions, will join Hub Financial as part of its management team.
Hub International has made a number of Canadian acquisitions over the last few years, including: