Hub International Limited has bought the assets of Vancouver-based TRG Group Benefits and Pensions Inc. and has now acquired 13 Canadian employee benefits and pension brokerages in the last year.
Rob Taylor, managing director of TRG, will be joining Hub as executive vice president, employee benefits and will be a member of Hub TOS's executive management team led by president & CEO Dave Terry.
Since launching its initiative last year to expand its employee benefits Canadian solution, Hub has acquired 13 Canadian brokerages, increased fee revenue to more than $50 million, established seven new offices and created more than 100 jobs. With the goal to achieve more than $100 million in commission fees by 2021, Hub anticipates opening more than 10 additional new offices and creating at least 100 more jobs, the company said in a statement January 8th.
“Building Hub's Canadian employee benefits and pension capabilities has been and remains a central tenet in our strategy,” said Tina Osen, president of Hub International Canada. “We are committed to making investments that exceed our clients' expectations for benefits to help them be more competitive in attracting and retaining talent with a comprehensive benefits solution.”