Friday, March 31, 2023

Illinois firm buys Glacier Insurance of Libby

by The Western News
| March 7, 2023 7:00 AM

Hub International Limited, a leading global insurance brokerage and financial services firm, announced Monday that it acquired the assets of Glacier Insurance of Libby in Montana.

The announcement was made in a press release from Hub International. Terms of the transaction were not disclosed.

Headquartered in Libby, Glacier Insurance of Libby is a full-service independent agency providing commercial and personal insurance to clients in Montana, Idaho and Washington since 1976.

Owners Kevin Peck and Kim Peck and the Glacier Insurance of Libby team will join Hub Mountain.

“We are excited to have Kevin, Kim and their team join Hub,” said Brent Irving, President and CEO of Hub Mountain. “They will offer first-rate knowledge and personalized service as we look to continue to grow and provide significant value for clients in the region.”

Kevin Peck said an increased diversity of products will be beneficial to its customers.

“Joining Hub gives us access to additional resources and capabilities so that we can continue to provide the highest quality of service to our clients,” said Kevin Peck. “We believe the larger and diversity of experiences will provide a very attractive combination for our clients.”

According to the press release, the Chicago-based Hub International Limited is a full-service global insurance broker and financial services firm providing risk management, insurance, employee benefits, retirement and wealth management products and services.

According to information on its website, 11 Canadian brokerages merged in 1998 to form HUB. Since its formation, it has acquired hundreds of brokerages.

The company moved its headquarters to Chicago in 2001.

With more than 16,000 employees in offices located throughout North America, Hub’s vast network of specialists brings clarity to a changing world with tailored solutions and unrelenting advocacy, so clients are ready for tomorrow.