H&F-backed Hub International acquires assets of Banco
Hub International Ltd, a portfolio company of U.S. private equity firm Hellman & Friedman (H&F), has acquired certain assets of Banco Management Inc, a Halifax-based specialist in life insurance solutions. No financial terms were released for the deal, which involves Banco's managing general agent business. Hub, a Chicago-headquartered insurance brokerage, earlier this month bought another domestic insurer, Integro (Canada) Ltd. H&F, which acquired Hub for about US$4.4 billion in 2013, is reportedly exploring the sale of an interest in the company.
12 September 2017•2 mins read
