Hub International announced on Feb. 12 that it has acquired the assets of Firstbrook Pointon Benefits Incorporated, an employee benefits consulting firm based in Toronto. Terms of the transaction were not disclosed.
Bob Pointon, President and Managing Partner of Firstbrook Pointon Benefits, will join Hub Ontario. John Firstbrook, Founder & CEO of Firstbrook Pointon Benefits, and CEO of John T. Firstbrook Insurance Agencies Ltd., has formed a strategic alliance with Hub Ontario and “will continue to play a vital role in growing the business,” says Hub International.
"We continue to build on our momentum in attracting leading employment benefits firms such as Firstbrook Pointon Benefits to help us provide our clients with an even more robust Canadian benefits solution," said Gregory Belton, Executive Chairman of Hub International Ontario Limited (Hub Ontario). "With the world of benefits evolving and becoming more complex and integrated, it's important for our clients to have a well-rounded benefits package in order to attract and retain high-quality talent."
"We look forward to supporting Hub's employee benefits and pension strategy," said Bob Pointon. "With more than 130,000 Property & Casualty clients, Hub has an incredible platform, which includes its thriving employment benefits capabilities, and a broad array of insurance and risk services solutions that will allow us to continue to grow and fully serve our clients."
This latest deal is one in a series of acquisitions carried out by Hub International in the employee benefits space in recent months. Hub’s strategy is aimed at assembling “best-in-class capabilities and entrepreneurial talent across Canada to develop a complete employee benefits and pension solution,” says the company.