Hub International Acquires The Shares of Ontario-Based Brokerage
- July 10, 2018
Hub International Acquires The Shares Of Ontario-Based Independent Financial Concepts Group Ltd.
Chicago, IL – Hub International Limited (Hub), a global insurance brokerage, announced that it has acquired the shares of Independent Financial Concepts Group Ltd. (IFCG). Terms of the acquisition were not disclosed.
Headquartered in Toronto, ON and founded in 1999 by President and CEO Gary Mandel and Executive Vice President Jaymie Bongard, IFCG is one of the strongest MGAs in the Toronto area. IFCG attracts high quality individuals and aligns them with one of their well sought-after advisors and staff whose teamwork, leadership and relationship management achieve proven success.
"The addition of IFCG is an exceptional opportunity for Hub to expand our broker network and enables us to continue providing financial advisors and insurance brokers seeking multi-fund insurance and risk solutions with additional world-class services and access to new markets. It's a win for everyone,” said Terri Botosan, President of Hub Financial Inc.
“At IFCG, we continually strive to be at the leading edge of the insurance market for our advisors and clients. Joining Hub enables our brokers to receive the most current information for their clients to maintain our high standards that has built our solid reputation,” said Mandel.
Bongard added, “If you are an insurance advisor looking to partner with an MGA, you can count on Hub and IFCG to deliver what we promise. And, if you are a client, know that your advisor is a professional surrounded by a dedicated team.”