H&F-owned Hub acquires Daniel Picard's P&C business
Hub International Ltd, a portfolio company of U.S. private equity firm Hellman & Friedman (H&F), has acquired the Montréal-based property and casualty insurance book of business of Daniel Picard. No financial terms were released. Hub, a Chicago-based insurance brokerage, said the business will be folded into its Québec subsidiary. H&F bought the Canadian-born Hub five years ago from Apax Partners for about US$4.4 billion.
11 January 2018•2 mins read
