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Hub to acquire renewal rights

IBR Staff Writer Published 28 January 2009

Of Liberty Mutual's middle market business

Hub International, a North American insurance brokerage, plans to acquire the renewal rights to Liberty Mutual's middle market commercial property and casualty business in Arizona, Arkansas, California, Colorado, Hawaii, Kansas, Louisiana, Nebraska, Oklahoma, Utah and Texas.

The business will be integrated into Hub International's regional operations: Hub International of California, Hub International Gulf South, Hub International Texas and Hub International Southwest.

Roy Taylor, president of Hub's west region, will oversee the management of this group. Terms of the transaction were not disclosed. Liberty Mutual's western states customer base will now be combined with Hub's current middle market roster of clients.

Hub's new clients will have access to the expanded offering of products, services and consulting expertise, including employee benefits, life insurance, personal insurance and risk management services that are available through Hub as an independent broker.

Mark Butler, COO of the company's newly formed Liberty Mutual middle market business unit, said: Hub is an excellent partner for us and a broker who is respected for its dedication to its customers. We look forward to partnering with Hub's brokers to deliver the risk management products, service and expertise that will enable middle market businesses to successfully compete in their marketplace.