Hub acquires insurance and wealth firm in Ontario

Hub International Ltd., a global insurance brokerage and financial services firm headquartered in Chicago, has acquired Zavitz Insurance and Wealth Inc. in London, Ont., a release said on Wednesday.

Zavitz provides group employee benefits, living benefits and life insurance services, and financial and retirement planning to clients in Ontario and across the country, the release said.

President Terry Zavitz and vice-president Justine Zavitz, along with the firm’s insurance and wealth team, will join Hub Ontario, it said, and the firm will be referred to as “Zavitz Insurance and Wealth, a Hub International company.”

Terms of the transaction were not disclosed.

The acquisition is Hub’s latest in a series over the past few years as the firm grows its geographical footprint. Last year, subsidiary Hub Financial Inc. acquired BridgeForce Financial Group Inc. in Ontario.

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