Hub International Canada West has entered into a strategic agreement with National Bank Insurance Firm (NBIF) to acquire NBIF’s group insurance activities in Edmonton, AB.
“We are excited the group insurance services team of NBIF has joined us and will help strengthen our employee benefits solutions for [plan sponsor] clients in Western Canada,” said Hub president of employee benefits Kevin Rome, as reported by Benefits Canada.
NBIF president Peter D. Thompson commented in a statement that the partnership with Hub would provide the organization’s plan sponsor clients with a broader range of products and services, as well as a larger pool of resources and experts to tap into.
The deal comes months after Hub and NBIF had made a similar transaction in March, which saw NBIF transfer its group insurance activities in Quebec to Hub. According to Hub president and CEO Stephen Blais, NBIF’s group insurance services will be a major asset for the brokerage’s growth strategy.
