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June 3, 2020

Hub International snaps up Ontario-based usefulideas to grow employee benefits business in Canada

Insurance brokerage Hub International has acquired Canada-based JM Rose Insurance Agency, d/b/a usefulideas, for an unknown sum.

usefulideas is a full-service business consultancy, employee benefits and group retirement firm headquartered in Toronto, Canada.

Following the acquisition, usefulideas principal and senior benefits consultant Joanne Rose will join Hub International Ontario and will report to Hub OntarioEmployee Benefits president Matt Lievers.

Hub Ontario executive chairman Gregory Belton said: “usefulideas will be a great addition to our growing employee benefits and retirement team in Canada.

“The expertise and market relationships that usefulideas has developed over the years will benefit our clients as they continue to seek a genuinely unique and differentiated service offering.”

Hub offers property and casualty, life and health, employee benefits, investment and risk management products and services.

The acquisition follows Hub’s efforts in expanding its employee benefits and group retirement solutions in Canada.

Last month, the company acquired Vestas Financial Services to boost its specialty business.

It also purchased RHC Insurance Brokers and RHC Insurance Brokers (Cranbrook) to strengthen its presence in western part of Canada.

Hub International bought Nebraska-based SilverStone Group for an undisclosed amount last year.

Last year, the company wrapped up 60 deals and in 2018, it acquired 66 firms that contributed to over $200m in additional revenue.

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