M&A Deal Summary

HUB International Acquires Beacon Underwriting

On November 22, 1999, HUB International acquired insurance company Beacon Underwriting

Acquisition Highlights
  • This is HUB International’s 1st transaction in the Insurance sector.
  • This is HUB International’s 1st transaction in Canada.
  • This is HUB International’s 1st transaction in British Columbia.

M&A Deal Summary
Date 1999-11-22
Target Beacon Underwriting
Sector Insurance
Buyer(s) HUB International
Deal Type Add-on Acquisition

Target

Beacon Underwriting

Langley, British Columbia, Canada
website
Beacon Underwriting Ltd. is a provider of insurance solutions to brokers and offers various products.

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Buyer(S) 1

Buyer

HUB International

Chicago, Illinois, United States

website

Category Company
Founded 1998
Sector Insurance
Employees10,000
Revenue 2.2B USD (2018)
DESCRIPTION
HUB International office in Burlington, North Carolina.
HUB International office in Burlington, North Carolina.

HUB International is a global insurance brokerage providing a broad array of property and casualty, life and health, employee benefits, investment and risk management products and services through offices located in the United States (including Puerto Rico), Canada and Brazil. HUB International was formed in 1998 and is based in Chicago, Illinois.

DEAL STATS #
Overall 1 of 550
Sector (Insurance) 1 of 501
Type (Add-on Acquisition) 1 of 500
State (British Columbia) 1 of 15
Country (Canada) 1 of 118
Year (1999) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-18 McIntosh Insurance Services

British Columbia, Canada

McIntosh Insurance Services is a provider of various insurance products and services.

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