Hub snaps up Coastal Insurance Services in B.C.

Hub International Limited (Hub) has announced that its Hub International TOS (Hub TOS) British Columbia operating unit has acquired the shares of Coastal Insurance Services Ltd. (Coastal).
Coastal is a Port Moody, British Columbia (B.C.)-based insurance brokerage firm that has specialized in insuring strata corporations and individual unit owners in B.C. for more than 25 years.
The terms of the acquisition were not disclosed.
Coastal’s existing client base is made up of many of B.C.’s property managers, more than 2,600 strata corporations and thousands of strata owners, which will complement the current focus of Hub TOS, Hub announced in a press release.
“Their [Coastal’s] realty program account portfolio and expertise will integrate with the current Hub TOS client base and provide cross-sell opportunities through all lines of business,” Hub announced. “The team from Coastal will continue to operate as a separate region through Hub TOS, headed up by Coastal’s president Mike Valiquette and vice president Dave Terry.