Hub Financial, a subsidiary of American insurance broker firm Hub International, has acquired Independent Financial Concepts Group (IFCG), a Canadian managing general agency (MGA), for an undisclosed sum.

IFCG was established by president and CEO Gary Mandel and executive vice president Jaymie Bongard in 1999. The company maintain its headquarters in Toronto.

Mandel said: “At IFCG, we continually strive to be at the leading edge of the insurance market for our advisors and clients. Joining Hub enables our brokers to receive the most current information for their clients to maintain our high standards that has built our solid reputation.”

Bongard stated: “If you are an insurance advisor looking to partner with an MGA, you can count on Hub and IFCG to deliver what we promise. And, if you are a client, know that your advisor is a professional surrounded by a dedicated team.”

Commenting on the deal, Hub Financial president Terri Botosan said: “The addition of IFCG is an exceptional opportunity for Hub to expand our broker network and enables us to continue providing financial advisors and insurance brokers seeking multi-fund insurance and risk solutions with additional world-class services and access to new markets. It’s a win for everyone.”

Hub Financial manages 15 offices across Canada and offers a number of life and health, employee benefits, property, casualty, investment and risk management products and services.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.