Hub International completes acquisition of CEB

Hub International Limited (NYSE/TSX: HBG) has completed the fold-in acquisition of CEB Business Insurance Services (“CEB”) by the company’s California-based regional group, Hub International of California Insurance Services, Inc.
CEB is a retail employee benefits brokerage specializing in serving the benefits needs of school districts, municipalities and private sector clients. Terms of the acquisition were not disclosed.
“Ron Riley, president of CEB, and his team have built a strong reputation and client base in the Southern California area, specializing in employee benefit plans for school districts,” Kirk Christ, president of Hub International of California Insurance Services, said of the deal. “We are excited about this acquisition, as it will provide additional resources for CEB clients [and] present the opportunity to bring the specialized services of CEB to Hub.”
The acquisition of CEB follows closely on the heels of Hub’s announcement in early October that it purchased Personal Lines Insurance Brokerage Inc. (PLI) from The Chubb Corporation. With offices in both the U.S. and Canada, PLI serves high net worth individuals with personal insurance brokerage, offering coverage options from more than 100 insurance carriers.
Headquartered in Chicago, IL, Hub International Limited is a North American insurance brokerage that provides a broad array of property and casualty, life and health, employee benefits, investment and risk management products and services through offices located in the United States and Canada.