Chicago-based Hub International Ltd. has acquired ProCorp Financial Inc., a benefits and retirement consulting company headquartered in Ottawa, Ont.
ProCorp Financial is a boutique firm that specializes in estate planning, group benefits, life insurance, critical illness insurance and disability insurance.
The move reinforces Hub’s ongoing Canadian employee benefits growth and services strategy, the insurance broker said in a release on Friday.
Hugh Doyle, president of ProCorp Financial, will join Hub Ontario.
“ProCorp Financial has a comprehensive array of product offerings that are well aligned to further expand our employee benefits solutions in Canada,” said Gregory Belton, executive chairman of Hub International Ontario Limited (Hub Ontario), in a release.
Terms of the acquisition were not disclosed.