Hub International Acquires the Assets of Benefit Concepts

CHICAGO--(BUSINESS WIRE)--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 has an excellent reputation as a leader in employee benefits throughout Louisiana and Texas, and we welcome them to our team”

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 Brazil.