Hub International acquires Global Ag Risk Solutions

Global insurance brokerage and financial services firm Hub International Limited (Hub) announced on Tuesday it has acquired Global Ag Risk Solutions Corp. and Global Ag Weather Solutions Corp. known as Parametric Ag (collectively, Global Ag Risk Solutions). Terms of the transaction were not disclosed.

Headquartered in Moose Jaw, Global Ag Risk Solutions provides industry-leading whole-farm insurance solutions, including parametric solutions and weather modeling technology, to help clients protect the cost of crops and their profit. Their focus on the agribusiness and farm industry supports Hub’s Specialty practices by complementing and strengthening its existing capabilities.

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“We are excited to welcome the Global Ag Risk Solutions team to Hub,” said President of Hub Prairies Ryan Matthews. “They will elevate our expertise and offerings in the region, providing clients with the support they look for as they go into each farming season.”

“We look forward to starting our journey with Hub,” said Executive Vice-President of Global Ag Risk Solutions Dave Sullivan. “Hub’s reputation in the market and the depth and breadth of expertise and resources will provide a strong foundation for delivering outstanding service to our clients and for our continued growth.”

Global Ag Risk Solutions will be referred to as Global Ag Risk Solutions, a Hub International company.