74-78. Hub International will be the leading sales organization in the insurance brokerage industry. . Hibernia Insurance Agency, L.L.C., of Metairie, Louisiana, was acquired from Capital One Financial Corporation in another purchase of a brokerage from a bank. Is Hubstaff Publicly Traded With the rise of internet work-from-home jobs and freelancing, our concept of a workplace is steadily changing. Employees: 10,000 One month later, Hub completed an initial public offering (IPO) of its common stock on the Toronto Stock Exchange, raising an additional CAD 11.7 million. In October 2004 Hub launched a branding strategy whereby all of its operating entities incorporated “Hub International” into their names. Acquires and integrates 14 brokerages, and establishes new regional operations in the Northeast. “Hub Raises U.S. Stake,” Canadian Underwriter, March 2001,p. Eleven Canadian brokerages merge to form HUB International Limited. Ackermann, Matt, “Citizens Shift Leads to Sale of Agencies,” American Banker, March 2, 2006, p. 1. Based in Battle Creek, Michigan, Burnham provided Hub with an enlarged presence in the Midwest. Include the size of the company and the mission and vision statements. In early 2004 Hub restructured its management team to position the company for further growth. Use the EDGAR database from the U.S. Securities and Exchange Commission (SEC) or the investor (or investor relations) page on the company’s site. Total Assets: $114.35 billion (1994) We will be the first choice of customers, employees and investors, offering them their best value-added opportunity over the long term. What is the definition of publicly traded company?These corporations sell their stock on a public stock exchange to the general public. CNA Plaza Fax: (312) 661-4690 Assets: $…, 15 Mountain View Road, P.O. Acquires and integrates 42 brokerages. Company Profile: Firstly, briefly describe the company, and why you selected this company. Boone, Elisabeth, “Hub and Spokes,” Rough Notes, January 2004, pp. Positioned in a unique geographical location, Seattle serves as a very convenient hub between neighboring Canada, California, and Asia. Hub enjoyed its best year to date in 2006: net earnings of $50.9 million on revenues of $543.9 million, a 23 percent jump from the previous year. Revenues increased to CAD 85.2 million ($54.1 million) in that first full year, while net earnings totaled CAD 5.9 million ($3.7 million). Stock Exchanges: New York London Tokyo Paris Zürich Basel Ge…, Marsh & Mclennan Companies, Inc. Yerak, Becky, “Insurance Broker Hub OKs Buyout: Purchasers Agree to Pay $1.8 Billion,” Chicago Tribune, Business sec., p. 1. New large publicly traded company careers are added daily on SimplyHired.com. Watsa was interested in establishing a public brokerage consolidator, and he proposed providing the financial backing to enable Gulliver to take his company down that path. Incorporated: 1967 Telephone: (312) 822-5000 A publicly traded firm since 1999, Hub was taken private in June 2007 through a $1.91 billion buyout engineered by the private-equity firm Apax Partners and the principal investment unit of Morgan Stanley. However, the organizations earnings are significantly high. With the purchase of Boston-based C. J. McCarthy Insurance Agency, Inc., which had annual revenues of CAD 18 million, Hub gained its first presence in Massachusetts and the base for what would later be called its New England hub. Ruquet, Mark E., “Equity Firms to Buy Hub for $1.8 Billion,” National Underwriter—Property and Casualty, March 5, 2007, p. 10. Or you may use one of the following Websites: Review the information presented in the financial statements of the company you selected. Incorp…, Kemper Corporation Hub Capital Inc. (Canada); Hub Financial Inc. (Canada); Hub International Barton Limited (Canada); Hub International Ontario Limited (Canada); Hub International Québec Limitée (Canada); Hub International TOS Limited (Canada); Hub International Brewer & Lord; Hub International Feitelberg; Hub International Florida, Inc.; Hub International Group Northeast, Inc.; Hub International Gulf South Limited; Hub International Midwest Limited; Hub International Milne; Hub International New England, LLC; Hub International Northwest LLC; Hub International of California Insurance Services, Inc.; Hub International Pennsylvania LLC; Hub International Personal Insurance Limited; Hub International Southwest Agency Limited; Hub International Transportation Services, Inc.; Hub Mountain States; THB Intermediates, Inc. Marsh & McLennan Companies, Inc.; Aon Corporation; Willis Group Holdings Limited; Arthur J. Gallagher & Co.; Brown & Brown Inc.; Hilb Rogal & Hobs, Co.; USI Holdings Corp. Aarsteinsen, Barbara, “Growth Spurt: Hub International Just Keeps Going and Going and Going ...,” Canadian Insurance, June 2003, pp. Hub Group creates innovative, end-to-end supply chain solutions tailored to your unique business needs. This deal represented an opportunity to add to the company fold an important new regional hub in the Southwest. Two of the eight brokerage acquisitions completed that year were particularly noteworthy. Chicago, Illinois 60685 However, the date of retrieval is often important. Long Grove, Illinois 60049 Pick a style below, and copy the text for your bibliography. For more information, visit morneaushepell.com. DeCloet, Derek, “Understated Hub Deserves More Attention,” Globe and Mail, February 2, 2005, p. B13. https://www.encyclopedia.com/books/politics-and-business-magazines/hub-international-limited, "Hub International Limited 9. Van Zyl, Sean, “The Hub Invasion,” Canadian Underwriter, November 1, 1999, p. 20. Fax: (908) 580-3402 The most significant acquisition of 1999 occurred not in Canada but in the United States. This deal represented a reversal of what had been a hot trend, banks buying insurance agencies. There are over 906 large publicly traded company careers waiting for you to apply! . Incorporated: 1967 ." The company entered the reinsurance brokerage market in 2005 through the acquisition of Los Angeles-based THB Intermediates, Inc. THB became one of the firm’s so-called specialty hubs, which were based on a particular specialty product line rather than a geographic area. Net earnings that year jumped more than 50 percent, to CAD 9.7 million, while revenues surged 76 percent, reaching CAD 150.3 million ($95.2 million). The acquisition of the Los Angeles firm Hooper, Hayes & Associates, Inc., provided the base for a California hub, the company’s fifth in the United States. Company Jacobs Engineering Inc. Engineering 205 Quarry Park Boulevard SE Calgary, Alberta T2C 3E7 Canada Jacobs Engineering Group Inc., is an international engineering, architecture, and construction firm with offices located around the world. Obtain an annual report from a publicly traded corporation that is interesting to you. 18. This IPO raised a net $88.1 million. A public company—also called a publicly traded company—is a corporation whose shareholders have a claim to part of the company's assets and … Net earnings for 2003 totaled $26.2 million on revenues of $329 million. In its largest purchase to that time, Hub in June 2001 acquired Kaye Group Inc., a New York-based firm that at the time ranked as the 29th largest broker in the United States. Acquires and integrates 66 brokerages and establishes new regional operations in the Carolinas, Manitoba, the Maritimes, Oklahoma, Puerto Rico and the Caribbean. As a result of these U.S. acquisitions, the $154 million in revenues reported by Hub in 2001 was divided almost equally between its Canadian and U.S. operations. Later in the year, Hub completed three significant acquisitions, all in the United States. Cite this article Pick a style below, and copy the text for your bibliography. Refer to each style’s convention regarding the best way to format page numbers and retrieval dates. Box 1615 U.S.A. Yes. The low-stress way to find your next large publicly traded company job opportunity is on SimplyHired. Hub’s initial focus was on middle-market commercial accounts. International Directory of Company Histories. Product analysis: Secondly, what types of products are traded in this company. Sclafane, Susanne, “Hub Makes Its Biggest Acquisition: Spends $90 Million for Safeco’s Talbot Brokerage Unit,” National Underwriter—Property and Casualty, March 22, 2004, p. 13. Fairfax closed on its investment in January 1999, the same month that the company raised CAD 38.3 million through a private placement of its stock. Simultaneous with this transaction, Hub and Citizens entered into an alliance whereby Citizens began offering Hub insurance products to its customers at all of the branches in its 13-state network. While heavily focused on cannabis, the company (formerly MOTA Ventures), is developing a psilocybin research hub in Germany. Employees: 7,600 U.S.A. Employees: 32,000 The health organization is nonprofit making. He met up with V. Prem Watsa, the head of the insurance holding company Fairfax Financial Holdings Limited, also based in Toronto. Revenue grows to $286.4 million. Web site: http://www.chubb.com Encyclopedia.com. U.S.A. In addition to representing what Hub’s managers called a “good deal” for shareholders, the takeover enabled Hughes, who remained chairman and CEO, and his colleagues to devote all of their time to building the business, rather than on the various obligations that come with running a public company. ISN’T HUBSPOT PUBLICLY TRADED? In addition, the firm’s market capitalization passed the $1 billion mark for the first time. The Company offers business and personal insurance services. HUB International Limited. ________, “Kaye Deal Boosts Hub in U.S.,” Business Insurance, January 29, 2001, p. 1. Haydale Graphene Industries (LSE: HAYD) Market cap: GBP 6.971 million. ." Acquires and integrates 45 brokerages. Encyclopedia.com gives you the ability to cite reference entries and articles according to common styles from the Modern Language Association (MLA), The Chicago Manual of Style, and the American Psychological Association (APA). Hub International Limited is a leading North American insurance brokerage focused principally on mid-sized commercial clients but also active in the personal insurance sector as well. Miller, James P., “Hub’s IPO Leverages Upturn in Insurance,” Chicago Tribune, June 19, 2002, p. 1. 333 South Wabash Avenue Roadman Investments (TSXV:LITT) Vancouver, British Columbia. From activating comprehensive technology for added visibility and efficiency, to leveraging strong third-party relationships and the industry’s second-largest private intermodal fleet, we provide access to the right support and the right end-to-end supply chain solutions, at the right time. Therefore, that information is unavailable for most Encyclopedia.com content. Founded: 1990 Enters into agreement to be acquired by Apax Partners together with Morgan Stanley. Gulliver remained Hub’s president while also adding the title of chief operating officer. (312) 661-4600 It's one of just a handful of porn companies that are publicly traded. Pub…, Hubbard, Freddie (actually, Frederick Dewayne), Hubbard, L(afayette) Ron(ald) (1911-1986), https://www.encyclopedia.com/books/politics-and-business-magazines/hub-international-limited. Text HUB to 888111 to receive updates. New York, New York 10036 In 1999 alone, Hub acquired more than 40 brokerages in Canada, which with the original 11 were organized within four operating hubs. Already the 12th largest insurance broker in the United States, according to rankings compiled by industry magazine Best’s Review, Hub International continued to fill out its network of regional hubs in early 2007. For instance, in the year 2010, the company reported revenues worth $4.9 billion. "Hub International Limited Hub was also able to retire some of its debt from the proceeds of a secondary stock offering completed in the second quarter. (March 12, 2021). One East Wacker Drive Retrieved March 12, 2021 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/hub-international-limited. Hibernia was subsequently renamed Hub International Gulf South. Market capitalization passes $1 billion. U.S.A. To be everywhere risk exists—today and tomorrow. International Directory of Company Histories. This move added three more regional hubs to the company network and agencies that had brought in $45 million in combined revenue in 2005. The third major deal of 2001 came in July with the purchase of Burnham Insurance Group, Inc., which ranked as the 68th largest broker in the United States. Though the company has been one of the leading consolidators of the highly fragmented North American insurance brokerage industry, it has adopted a decentralized organizational structure. 300 N LaSalle St., 17th Floor, Chicago, IL 60654. As a publicly traded company with over $3.7 billion in revenue, Hub Group is backed by an asset-owned network of 41,500 53’ intermodal containers, 4,000 drivers, 5,500 units of trailing capacity and 29 terminals. Information includes fund holdings, fund sentiment, financial data, and regulatory filings (including SEC, LSE, ASX, and SGX). We’re here to help. By mid-2007, Hub International had established more than a dozen hubs in the United States, located across the country, as well as five Canadian hubs based in Ontario, Quebec, and British Columbia. Launches 8 industry specialties, establishes best-in-class Employee Benefits practice in Canada and acquires 66 brokerages. Objective: To analyze the financial statements of a publicly traded company. While continuing to pursue such acquisitions, particularly in the southeastern and southwestern United States, Hub International was also expected to step up its efforts to improve its organic growth, an ongoing area of weakness. Acquires and integrates 22 brokerages and expands presence across the Western United States. Financial Services Inc. (Brampton, Ontario); Martin Assurance & Gestion de Risques Inc. (Montreal); Mitchell McConnell Insurance Ltd. (St. John, New Brunswick); MPA Financial Inc. (Toronto); and Rose, Horne & Stevenson Insurance Brokers Inc. (Kamloops, British Columbia). The company was taken private in 2011 by late founder Hugh Hefner, but is merging with Mountain Crest Acquisition Corp. Lindsey Ellefson | October 1, 2020 @ 7:31 AM Public Company Garmhausen, Steve, “Hub’s a Seller but Says Its Buying Will Continue,” American Banker, March 5, 2007, p. 8.