August 02, 2005 13:18 ET

Hub International Announces Fold-In Acquisition of Kline Transportation Insurance

CHICAGO--(CCNMatthews - Aug 2, 2005) -

Hub International Limited (NYSE:HBG)(TSX:HBG) today announced the fold-in acquisition of Kline Transportation Insurance, Inc. ("Kline") by the San Diego office of the company's California-based regional hub, Hub International Limited of California. Kline is a transportation specialty agency operating primarily in the western United States. In 2004 Kline generated revenue of approximately $1.2 million. Terms of the acquisition were not disclosed.

"Rick Kline and his team have built a strong reputation and client base in the Southwest region, specializing in insurance related to all types of transportation," said Kirk Christ, president of Hub California. "We look forward to a strong contribution from the Kline team."

Since it's founding in 1992, Kline has become known for its limousine, bus and truck insurance expertise. Kline has one office location currently in San Diego, California.

"After establishing a strong track record and solid customer relationships in our region, we gain new opportunity to add clients and client service as part of Hub California," Kline said. "We are enthusiastic about the potential to grow in the Hub organization."

Headquartered in Chicago, IL, Hub International Limited is a leading North American insurance brokerage that provides a broad array of property and casualty, life and health, employee benefits, investment and risk management products and services through offices located in the United States and Canada.

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