Hub International Acquires the Assets of Benefit Concepts

  Hub International Acquires the Assets of Benefit Concepts

Business Wire

CHICAGO -- January 9, 2013

Hub International Limited (Hub) announced today that it has acquired the
assets of Benefit Concepts, Inc. (BCI), a Shreveport, Louisiana-based employee
benefits brokerage firm. Terms of the acquisition were not disclosed. BCI will
become part of the Texas operations of Hub International Insurance Services
(Hub Texas). Troy Davis, Principal, will join Hub, reporting to Jack McGrath,
President and CEO of Hub Texas.

BCI specializes in employee benefits programs for middle market businesses,
with expertise in many areas including voluntary and self-funded programs. It
offers value-added services, including a proprietary benefits administration
system that provides a streamlined billing process to reduce the workload of
clients’ human resources departments and an open enrollment platform for
voluntary benefits. This acquisition expands Hub Texas’ footprint and employee
benefits capabilities.

“BCI has an excellent reputation as a leader in employee benefits throughout
Louisiana and Texas, and we welcome them to our team,” commented Jack McGrath.
“This transaction will provide Hub with the opportunity to serve BCI’s
customers and offer them the many products of a global, full service
brokerage. BCI has built a significant practice for voluntary benefits that
will benefit many of our existing clients as well.”

Headquartered in Chicago, IL, Hub International Limited is a leading global
insurance brokerage that provides a broad array of property and casualty, life
and health, employee benefits, investment and risk management products and
services through offices located in the United States, Canada, Puerto Rico and


Hub International Limited
Cara Siegel, 516.677.4992
Director, Corporate Brand Management and Media Relations
Hub International Limited
Clark Wormer, 312.279.4848
Director, Mergers & Acquisitions
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