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Hub International acquires assets of employee benefits advisory firm

Hub International Ltd. purchased the assets of TRG Group Benefits and Pensions Inc. for undisclosed terms.

TRG Group Benefits and Pensions is a Vancouver, British Columbia-based employee benefits advisory firm that customizes employee benefits, pension and retirement plans for businesses and not-for-profit organizations.

Rob Taylor, managing director of TRG Group Benefits and Pensions, will join Hub International as executive vice president of employee benefits. He will also be a member of the executive management team of Hub TOS.

Hub International noted that since 2018, it has acquired 13 Canadian brokerages and opened seven new offices as part of a drive to expand its employee benefits offering in the country. A goal to increase commission fees to more than $100 million by 2021 from more than $50 million now implies more than 10 additional new offices, the company said.