Chicago-based Hub International Ltd. announced on Monday that it has acquired the shares of Gibson’s Insurance Agency Ltd., a Manitoba-based insurance brokerage.
Gibson’s is a general brokerage that specializes in working with clients in the agriculture and farming industries. It also offers a range of investments.
Gibson’s has two locations in Treherne and Notre Dame de Lourdes, each of which will remain in operation as part of the Hub International Horizon operations. Horizon is Hub’s regional platform in Manitoba, which was established when Hub acquired Horizon Insurance, LP in 2011. Hub Horizon offers a broad suite of insurance solutions to individuals and businesses across a wide variety of industries.
“Because Gibson’s agricultural clients are similar to Hub’s Manitoba client profile, they are in a great position to take advantage of Hub’s unique innovative insurance products developed for crop production, employee benefits, and life and estate planning,” said Keith Jordan, president and CEO of Hub International Horizon.
The acquisition broadens Hub’s local market reach and specializations throughout the province of Manitoba. With the addition of these two offices, Hub will operate 22 locations across Manitoba.
Terms of the acquisition were not disclosed.