Hub International acquires Winnipeg-based W.R. Carey

11 November 2019 2 min. read

Chicago-based insurance brokerage and benefits consultancy Hub International has acquired W.R. Carey Corporation, a Winnipeg-based employee benefits consulting firm.

Hub has continued its acquisition drive in the benefits consulting space, having already bought at dozen employee benefits firms in Canada this year. The acquisitions have included Alberta-based benefits consultancies Clarity Benefits Group and BenefitLink Resource Group, Saskatchewan-based Regency Advisory Group, and BC-based retirement plan consultancy Porchlight Financial.

The firm aims to deliver a complete employee benefits and pension solution across the country – supporting clients with benefits and pension solutions, including benefits communication, health and wellness, and retirement offerings. Hub also plans to achieve more than $100 million in commission fees by 2021 in Canada, while opening more than 10 new offices and creating at least 100 more jobs.

The company’s latest acquisition is W.R. Carey Corporation, a Winnipeg, Manitoba–based independent employee benefits consulting firm. W.R. Carey offers a wide range of benefits programs, including benefits plan consulting and group retirement services. Founder Bill Carey along with all the company’s employees will join Hub Manitoba.

Hub International acquires Winnipeg-based W.R. Carey

"Carey Corp has an excellent and established reputation as an employee benefits consultant and broker, with over 30 years of experience," said Keith Jordan, president and CEO of Hub Manitoba. "They will further expand our platform to deliver a best-in-class employee benefits service experience to our clients."

Carey added, “We will personally continue to work with and service our clients, as we have always done. With the continued expansion of Hub's employee benefits solutions in Canada, its recognized insurance and risk services, its local size and expertise in the Winnipeg office, and its international reach, Hub is the ideal firm for us and our clients to join and with which to continue to advise clients on a broad range of employee benefit issues.”

Hub has more than 170 offices in Canada, and has more than 130,000 property & casualty customers in the country. The company boasts more than 11,000 employees and over 400 offices in North America, providing products and services in property & casualty, life & health, investment, risk management, and employee benefits.