CHICAGO, Nov. 5, 2024 /PRNewswire/ -- Hub International Limited (Hub), a leading global insurance brokerage and financial services firm, announced today that it has acquired Global Ag Risk Solutions Corp. and Global Ag Weather Solutions Corp. known as Parametric Ag (collectively, Global Ag Risk Solutions). Terms of the transaction were not disclosed.
Headquartered in Moose Jaw, Saskatchewan, Canada, Global Ag Risk Solutions provides industry-leading whole-farm insurance solutions, including parametric solutions and weather modeling technology, to help clients protect the cost of crops and their profit. Their focus on the agribusiness and farm industry supports Hub's Specialty practices by complementing and strengthening its existing capabilities.
"We are excited to welcome the Global Ag Risk Solutions team to Hub," said Ryan Matthews, President of Hub Prairies. "They will elevate our expertise and offerings in the region, providing clients with the support they look for as they go into each farming season."
Dave Sullivan, Executive Vice-President of Global Ag Risk Solutions, and Damon Johnson, Executive Vice-President, along with the Global Ag Risk Solutions team, will join Hub Prairies. Sullivan will report to Greg Johnson, Chief Strategy Officer for Hub Prairies.
"We look forward to starting our journey with Hub," said Sullivan. "Hub's reputation in the market and the depth and breadth of expertise and resources will provide a strong foundation for delivering outstanding service to our clients and for our continued growth."
Global Ag Risk Solutions will be referred to as Global Ag Risk Solutions, a Hub International company.
The acquisition follows Hub's recent announcement of Marc Chouinard as National Canada Practice Leader for its Agribusiness Specialty. Chouinard is responsible for the development and oversight of strategy for the agribusiness, food & forestry industries.
About Hub's M&A Activities
Hub International Limited is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise. For more information on the Hub M&A experience, visit WeAreHub.com.
About Hub International
Headquartered in Chicago, Illinois, Hub International Limited is a leading full-service global insurance broker and financial services firm providing risk management, insurance, employee benefits, retirement and wealth management products and services. With more than 18,000 employees in offices located throughout North America, Hub's vast network of specialists brings clarity to a changing world with tailored solutions and unrelenting advocacy, so clients are ready for tomorrow. For more information, visit Hub Media Center.
CONTACT:
Media: Jessica Wiltse
Phone: 312-596-7573
jessica.wiltse@hubinternational.com
M&A: Clark Wormer
Phone: 312-279-4848
Clark.wormer@hubinternational.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/hub-international-expands-agribusiness-risk-and-insurance-capabilities-with-global-ag-risk-solutions-in-saskatchewan-302295976.html
SOURCE Hub International Limited
(0) comments
Welcome to the discussion.
Log In
Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.