CHICAGO — Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired Global Credit Risk Management Inc. (GCRM). Terms of the transaction were not disclosed.
With a national presence and offices located in Ontario and Alberta, Canada, GCRM is an independent broker of accounts receivable and political risk insurance. They provide accounts receivable insurance and advisory services to businesses, including manufacturers, commodity traders, the services sector, finance professionals, and to Canada’s leading banks and other financial intermediaries. GCRM joining Hub supports its Specialty Practices, including Financial Institutions, by complementing and strengthening Hub’s comprehensive and in-depth offering to all industries, banks, lending institutions and investment firms.
The principals of GCRM, John Middleton, Athan Bardis and Eric Pilon, and their team will join Hub Ontario and report to the Ontario Leadership Team.
Source: Hub International Limited
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