Hub International Ltd. has acquired Porchlight Financial in a deal that further reinforces Hub's ongoing Canadian employee benefits growth and services strategy. Terms of the transaction were not disclosed.
Vancouver-based Porchlight Financial is a full-service group retirement plan consulting firm with 25 years of experience in helping employers and employees achieve better pension outcomes. The company specializes in group retirement plan member advisory services, financial wellness programs, retirement lifestyle and income planning.
“With the addition of Porchlight Financial, Hub continues to create a robust Canadian benefits and pension solution for our clients,” Hub International Canada West ULC President and CEO Dave Terry said in a statement. “Their expertise will deepen Hub's services to help clients create a more comprehensive benefits package in order to attract the talent they need and want.”
Porchlight Financial Managing Director Chris Forman said he is eager to collaborate with Hub to provide a full suite of benefit and retirement offerings to more than 130,000 Property & Casualty customers of Hub across Canada.
Chicago-based Hub is a leading full-service global insurance broker providing property and casualty, life and health, employee benefits, investment and risk management products and services. With more than 11,000 employees in offices located throughout North America, Hub's vast network of specialists provides peace of mind on what matters most by protecting clients through unrelenting advocacy and tailored insurance solutions.