Hub Financial acquires BC-based MGA

Complete Brokerage Services Inc specializes in independent life insurance and financial planning

Hub Financial Inc., a subsidiary of Hub International Limited, has acquired the shares of Complete Brokerage Services, Inc. (CBS), a Richmond, BC-based life insurance managing general agency firm.  Terms of the acquisition were not disclosed.  Tony Bosch and Chris DiSalle, principals of CBS, will join Hub Financial, reporting to Terri DiFlorio, President, Hub Financial.

CBS is an MGA that specializes in the development of independent life insurance and financial planning strategies.  They operate out of offices in Richmond, and Vancouver.

Read: Canadian M&A Update

“This is an exciting time for our operation as Hub Financial and CBS create a powerful force that will allow both organizations to continue to grow and provide exceptional service and training to our brokers,” said Terri DiFlorio, president of Hub Financial, in a press release. “CBS has developed and executes The Masterworks Training Series and Compass Platform, both tools that assist the independent broker with practice management and sales strategies. They have a proven track record and we are confident that our brokers will see value immediately from these offerings.”

“We have successfully partnered with Hub Financial since our inception in January of 2000,” said Tony Bosch, president, CBS and now executive vice-president, Broker Development for HUB Financial.

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