Hub International Ltd. announced today that it has entered into a definitive agreement to acquire all of the stock of The Rigg Group, Inc., one of the largest Texas-based insurance brokers.

The deal includes Rigg subsidiaries Wm. Rigg Co., a retail insurance brokerage, Rigg Insurance Managers, Inc., a wholesale insurance brokerage, and Rigg Life Agency, Inc., a life and benefits brokerage.

Rigg will become a new regional platform doing business as Hub International Rigg, with offices located in Dallas, Fort Worth and Houston. Terms of the transaction were not disclosed.

Rigg is a leading insurance brokerage and risk management organization providing primarily property/casualty, employee benefits, executive risk management, personal lines and enterprise risk management products and services. Its client base includes many of the region’s premier organizations from the energy, marine, design professionals, government, transportation, construction and manufacturing sectors. Rigg employs approximately 235 people.

“We are excited to have Rigg, a company known for its industry expertise and respected leadership, join the Hub family,” said Martin Hughes, CEO and chairman of Hub International, in a release. “With 112 years of client service, it is no surprise that Rigg is so well established within its local communities. We look forward to building in the Southwest marketplace with this thriving organization and continuing its emphasis on client solutions and growth.”

The closing of the transaction is subject to various conditions. The parties expect to close the transaction during the third quarter of 2007.

Headquartered in Chicago, Hub International Ltd 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 more than 250 offices located in the United States and Canada.