Hub acquires Seattle-based specialty brokerage

Broker network consolidator Hub International Ltd. (TSX: HBG) has purchased Seattle-based Tash Lyle & Jones for an undisclosed sum. Tash Lyle specializes in employee benefits insurance.Hub says Tash Lyle will be integrated into the broker network’s Bush, Cotton & Scott regional subsidiary. Tash Lyle produced about US$1.3 million in commission revenue during 2004, a Hub […]

By Canadian Underwriter | May 16, 2005 | Last updated on October 2, 2024
1 min read

Broker network consolidator Hub International Ltd. (TSX: HBG) has purchased Seattle-based Tash Lyle & Jones for an undisclosed sum. Tash Lyle specializes in employee benefits insurance.Hub says Tash Lyle will be integrated into the broker network’s Bush, Cotton & Scott regional subsidiary. Tash Lyle produced about US$1.3 million in commission revenue during 2004, a Hub statement says. "We believe Tash Lyle & Jones offers a number of opportunities for cross-selling and collaboration with Bush Cotton & Scott," notes Martin Hughes, CEO of Hub.

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How brokerages can raise capital for M&A

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How brokerages can raise capital for M&A

With current brokerage valuation multiples sometimes as high as 15 to 20 times EBITDA (earnings before interest, taxes, depreciation and amortization), buying a business is challenging for anyone without access to significant capital. So, how do brokerages finance their deals? “Aside from borrowing from banks, raising capital from insurers or private equity (PE) still continues […]

By Jason Contant | September 25, 2024

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Family-owned brokerage snapped up in latest deal

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Family-owned brokerage snapped up in latest deal

AMC Insurance Services Ltd., based in Surry, B.C., announced it has acquired Western Associated Insurance Brokers Ltd.  Acquisition of the Vancouver-based brokerage brings “a strong clientele and deep-rooted community connections” into the AMC fold, the firm says in a press release. Western Associated Insurance Brokers is a family owned and operated brokerage with more than […]

By Alyssa DiSabatino | September 12, 2024

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U.S. insurer shares entry plan for Canadian affluent home, auto markets

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U.S. insurer shares entry plan for Canadian affluent home, auto markets

Clear market demand was behind U.S. carrier PURE Insurance’s entry into the Canadian affluent homeowners’ insurance market and plans to enter the auto insurance space next year, the head of the insurer’s Canadian branch told Canadian Underwriter in an interview Tuesday. “From a broker perspective, what we hear from our brokers is there’s definitely a […]

By Jason Contant | September 11, 2024

3 min read