Hub acquires assets of Hirsch Wolf & Co.

The New York subsidiary of Hub International Limited (NYSE:HBG)(TSX:HBG), Hub International Northeast (HUB Northeast), has acquired the assets of Hirsch Wolf & Co., LLC, a Brooklyn-based property and casualty insurance brokerage with special expertise in the healthcare industry. Terms of the transaction were not disclosed. Hirsch Wolf will add approximately US$7 million to HUB Northeast’s revenue base. “We are delighted to bring this highly talented and motivated team of insurance professionals to our organization,” Marc Cohen, president of HUB Northeast, said in a press release. “Hirsch Wolf, with their unique expertise in the healthcare industry, will enable us to grow in this class of business countrywide.” The business, management, and staff of Hirsch Wolf will remain the same and continue to operate out of their existing office in Brooklyn, NY. “I am very pleased to be associated with one of the largest, most professional insurance organizations in the country,” Hirsch Wolf said in a statement. “We will now be able to access some of the most highly competitive programs and insurance markets that only the largest national brokers can offer. Our clients will be the biggest beneficiaries of this deal.” Headquartered in Chicago, IL, Hub International Limited is a North American insurance brokerage that provides a broad array of property and casualty, reinsurance, life and health, employee benefits, investment and risk management products and services through offices located in the United States and Canada.