Hub's Totten buys Canadian Resources Insurance Solutions

Totten Insurance Group, an affiliate of Hub International Ltd, has acquired the shares of Canadian Resources Insurance Solutions Inc (CRIS). No financial terms were released. Sudbury, Ontario-based CRIS is a wholesale intermediary servicing insurance broker with a particular focus on mining and forestry. Totten, a provider of solutions for hard-to-place property and casualty accounts, said the deal expands its footprint in Canada and adds to its specialization. Chicago-based Hub is a portfolio company of U.S. private equity firm Hellman & Friedman.

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