Insurer Hub International Ltd. has acquired Gibson's Insurance Agency Ltd. as the insurance industry continues to consolidate.
Gibson's, headquartered in Manitoba Canada, is a brokerage firm that provides auto insurance. The deal gives Hub more offices in the Manitoba region of Canada, where it currently operates 20 locations. Terms were not disclosed.
Chicago-based Hub International has scooped up several other insurance groups. In January, the company acquired GNW-Evergreen Insurance Services Inc., a Los Angeles insurer. Before that, the company bought the insurance agency business of Grand Rapid, Michigan-based Pinnacle Insurance Partners.
For more on insurance industry consolidation, see "Racking Up Regional Insurers."