Hub acquires Integro Canada

Hub International Ltd. said Friday it had acquired Integro (Canada) Ltd. for an undisclosed sum.

Integro Canada is a commercial property and casualty brokerage specializing in complex risks, including construction, transportation, professional services, manufacturing, real estate, entertainment, mining and financial services, Hub said in a statement. Integro Canada, which was owned by New York-based Integro Ltd., was founded in 2005 and is based in Montreal.

Key leadership and staff from Integro Canada will be joining the Hub team, including Toronto-based President Mark Rankin, Montreal-based Chairman Robert Dunn and Vancouver-based Managing Principal Michael Baddeley.

“Integro Canada’s experience in larger, more complicated risk issues brings an expanded dimension to Hub’s substantial leadership position in the Canadian market,” Tina Osen, president, Hub Canada, said in a statement. “We are already recognized as a leader in Canada and with this expansion we broaden our geographic reach and our ability to upscale our presence in the larger risk management sector across the entire country.”

This was the second major announcement from Hub this week, with the Chicago-based brokerage on Wednesday announcing current President Marc Cohen will succeed Martin Hughes as CEO effective Jan. 1, 2018.