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.