Hub International acquires employee benefits firm Creative Business Solutions
In a move signaling continued growth and expansion in the insurance brokerage and financial services industry, Hub International Limited (Hub), a leading global insurance brokerage firm, has announced the acquisition of the assets of Creative Business Solutions Group Inc. (Creative Business Solutions). While the terms of the transaction were not disclosed, this acquisition marks a significant step for Hub in enhancing its service offerings.
Located in Melville, New York, Creative Business Solutions is an esteemed employee benefits firm. The company specializes in a range of services including group health benefits, Medicare plans, ancillary benefits, and property & casualty insurance. This acquisition enables Hub to further diversify its portfolio and reinforce its expertise in these key areas.
Jason Anker, President of Creative Business Solutions, along with the firm’s team, will be joining Hub Northeast, integrating their extensive knowledge and client-focused approach into Hub’s operations. The inclusion of Creative Business Solutions under the Hub umbrella is expected to bring new insights and capabilities to the already expansive network of Hub International.
Hub International Strengthens Market Position with Creative Business Solutions Acquisition
Creative Business Solutions, which was represented by Mystic Capital during the transaction, has made a notable impact in the industry with its specialized services. This acquisition by Hub is a testament to Creative Business Solutions’ value and reputation in the market.
Headquartered in Chicago, Illinois, Hub International Limited stands as a full-service global insurance broker and financial services firm. It provides a comprehensive range of risk management, insurance, employee benefits, retirement, and wealth management products and services. With a vast workforce of over 17,000 employees and offices across North America, Hub’s acquisition of Creative Business Solutions is a strategic addition, further solidifying its position as a leader in the industry.
This acquisition not only signifies Hub International’s commitment to growth but also demonstrates its strategic approach to expanding its service offerings and market reach in the rapidly evolving insurance and financial services sector. As the industry continues to face new challenges and opportunities, such strategic acquisitions are pivotal in shaping the future landscape of insurance and financial services.