Hub International, a global insurance brokerage, is forming new industry specialty practices as part of its strategy to be a specialist broker offering tailored insurance products for its business clients.
The first eight industry specialty practices include Transportation, Financial Institutions, Entertainment/Sports, Construction, Agriculture, Hospitality, Real Estate and Healthcare. Hub selected the first eight industries based on those it thinks are positioned for growth and where it already has a portfolio of clients, the company said in a statement.
Todd Macumber, president of Specialty Practices and president and CEO of Hub’s Risk Services Division, said each specialty practice will offer clients HUB proprietary products as well as provide HUB employees with training to better serve clients and help recruit talent.
Chris Treanor, president of Specialties and Programs for HUB International, said Hub mobilized hundreds of its specialists across North America in its more than 400 offices to implement the strategy.