Hub International, a Chicago-based insurance brokerage firm, has acquired Redcliffe Financial Group, a Vancouver, British Columbia-based employee benefits and life insurance brokerage firm.
Hub said that Redcliffe will become part of the Hub International Insurance Brokers (Hub TOS) operation, and the employees of Redcliffe will be moved into its existing offices in Burnaby, British Columbia.
In addition, Redcliffe’s Norman Redcliffe, president and Christopher Redcliffe, account manager, will join Hub.
Founded in 1976, Redcliffe has focused on implementing risk management, life, health and retirement planning strategies for businesses and individuals across the Vancouver area.
Redcliffe primarily offers group benefits, pension plans, life insurance and living benefits, amongst other products and services.
The team at Redcliffe serves commercial clients across industries, with a specific expertise in programs for educational institutions.
Terms of the acquisition were not disclosed.