Hub to acquire Chubb's personal lines brokerage.Hub International Hub International Limited is an insurance brokerage based in Chicago, Illinois. The company has 200+ offices across the United States and Canada. The company offers three types of commercial products and services: property and casualty products, employee benefits and risk says it will acquire Chubb Corp.'s personal lines insurance brokerage business for an undisclosed amount. The acquisition will boost Hub's personal lines business by approximately 20% of consolidated revenue, and make it one of the largest personal lines brokers throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , according to Hub. Hub is already one of the largest personal lines brokers in Canada. Chubb's Personal Lines Insurance Brokerage Inc. generated approximately $27 million in revenues in 2004, and Hub's brought in about $25 million. Jim Kane and Kathleen Zortman, who currently lead PLI PLI Practising Law Institute PLI Professional Liability Insurance PLI Programming Language Interface (Verilog programming language) PLI Partido Liberal Independiente (Independent Liberal Party, Nicaragua) , will oversee Hub's personal lines practice in the United States as president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. respectively. |
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