HUB International Company Overview Insurance Brokers & Consultants

Transcription

1 HUB International Company Overview Insurance Brokers & Consultants July 2016

2 Agenda 1 HUB International Unlimited 2 Vision & Values 3 About HUB International 4 Our Story 5 HUB international History 6 Regional Locations Map 7 Products 2

3 HUB International Unlimited Our global resources and local relationships create world-class results for clients. As a top 10 global insurance broker, HUB International offers property and casualty, life and health, employee benefits, investment and risk management solutions. With offices across North America, we are uniquely positioned to tailor solutions to meet local needs. 3

4 Vision and Values HUB Vision HUB International will be the leading sales and service organization in the insurance industry. We will be the first choice of customers, employees and investors, offering them their best value-added opportunity over the long term. We will conduct ourselves ethically and promote diversity and development. HUB Values Entrepreneurship We encourage innovation and educated risk-taking Balance We balance corporate duty with personal growth Integrity We do the right thing every time Teamwork We work together to maximize results Discipline We focus on our goals Accountability We measure and take responsibility for outcomes Service - We serve our customers, communities and colleagues 4

5 About HUB International Fast Facts about HUB Ranked 9th among the World's 10 Largest Insurance Brokers (Business Insurance, July 2015) HUB International is the 9th largest Employee Benefits Brokerage in the US (Employee Benefit Advisor, November 2014) Ranked 9th among Top Global Brokers (Best's Review, July 2015) Ranked 1st in total written premium among Independent Property & Casualty Agencies (Insurance Journal, 2013) Ranked first among the Top 50 Personal Lines Agencies in the US (Insurance Journal, 2013) Recognized nationally-ranked brokers honored by Business Insurance's "40 under 40" list (2014) Employee Benefits leadership team honored as one of the Most Influential Women in Benefit Advising by Employee Benefits Adviser (2014) Learn why we are the Acquirer of Choice Recognized as a 2015 Healthiest 100 Workplace in America recipients 5

6 HUB International story HUB International was formed with the merger of 11 privately held Canadian insurance brokerages in Today, HUB International is ranked among the largest insurance brokers worldwide. The entrepreneurial spirit that formed HUB is evident today in the way we do business. Our company is organized around large regional offices with over 330 satellite locations. Our structure enables us to be proactive in addressing local market needs while centrally managing the growth of our business with consistent standards. While global, our strength lies in our commitment to the communities we live and do business in. We are here to help you evaluate your risks and develop solutions that are tailored to your needs. 6

7 HUB International History cont d Timeline We continue to grow the business both organically and through acquisition Eleven Canadian brokerages merge to form HUB International Limited. HUB posts net earnings of $1.7 million on revenue of $38.7 million HUB common shares begin trading on the Toronto Stock Exchange under the symbol HBG. Acquires and integrates 42 brokerages, and expands operations to the United States and Western Canada Acquires and integrates 18 brokerages and establishes new regional operations in New England. Earnings increase to $6.1 million on $95.2 million of revenue Moves corporate headquarters to Chicago. Acquires and integrates 14 brokerages, and establishes new regional operations in the Northeast U.S. initial public offering raises $88.1 million as HUB lists on the New York Stock Exchange under the ticker symbol HBG. Listing on the Toronto Stock Exchange is maintained. Acquires and integrates 10 brokerages Acquires and integrates 10 brokerages. Net earnings increase to $36.5 million as revenue grows to $286.4 million Acquires and integrates seven brokerages and expands presence across the Western United States Acquires and integrates 15 brokerages. 7

8 HUB International History cont d Timeline, cont Market capitalization (total shares x price share) passes $1 billion for the first time. Acquires and integrates 20 brokerages Enters into an agreement to be acquired by funds advised by Apax Partners together with Morgan Stanley Principal Investments. Acquires and integrates 25 brokerages and establishes new regional operations in Louisiana (HUB Gulf South) and Texas Acquires and integrates 21 brokerages Acquires and integrates 13 brokerages including the renewal rights to Liberty Mutual's middle market commercial property and casualty business in 11 states Acquires and integrates 22 brokerages Acquires and integrates 37 brokerages and establishes new regional operations in the Carolinas (HUB Southeast) and in Manitoba (HUB Horizon) Acquires 29 brokerages and establishes new regional operations in the Maritimes (HUB Atlantic) and in Oklahoma (HUB CFR). Acquires Carrión, Laffitte & Casellas, Inc, headquartered in San Juan, Puerto Rico and forms a new regional office in the Caribbean, doing business as HUB International CLC Enters into an agreement to be acquired by funds advised by Hellman & Friedman, LLC. Acquires and integrates 28 brokerages Acquires and integrates 31 brokerages Acquires and integrates 43 brokerages. 8

9 Regional Locations Corporate Headquarters Location HUB International Limited - Corporate Office Headquarters 300 N. LaSalle St. 17th floor Chicago, IL HUB Regional Headquarters 9

10 HUB International Products 10

11 HUB International Products cont d 11

12 Insurance Agents & Brokers 1 2 Insurance Agent Represents the insurance company Is licensed by the state Attempts to extract the maximum value for the insurance company in all his/her dealings. Insurance Broker Independent from the insurance company Is licensed by the state Represents the interests of the buyer My have retail and wholesale/mga operations There are worse things in life than death. Have you ever spent an evening with an Insurance salesman? Woody Allen 12

13 Two Key Functions of a Broker 1 3 Sales New clients New coverages for existing clients Service it s all about retention 13

14 THANK YOU! For more information, contact: EUE Training TM-049-IMSD FTS