Hub International makes two Canadian acquisitions
February 4, 2013 by Canadian Underwriter
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Hub International Limited announced Monday that it has acquired a group home and auto insurance program book of business for members of Actra Fraternal Benefits Society (AFBS), a Toronto, Ont. based firm.
The book of business was acquired from Dale Parizeau Morris Mackenzie Inc. The AFBS group home and auto insurance program will become part of Hub International Ontario.
Founded more than 35 years ago, AFBS is a not-for-profit, federally incorporated insurance company that provides services to members of the Association of Canadian Radio Artists (ACTRA) and the Writers Guild of Canada.
The company also announced it has acquired the shares of STRATA Benefits Consulting Inc, a Winnipeg, Man.-based employee benefits brokerage firm. STRATA will become part of Hub International Horizon. Glen Middleton, president of STRATA, will join the organization, reporting to Keith Jordan, president of Hub Horizon.
Terms of both acquisitions were not disclosed.
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