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Hub International acquires managing general agency assets of Falkenberg

Hub International has announced that Hub Financial has acquired the managing general agency assets of Falkenberg Agencies, a British Columbia-based agency specializing in life and investment products.

Terms of the transaction were not disclosed. The existing brokers at Falkenberg will continue to do business with Hub Financial.

Terri DiFlorio, president of Hub Financial, said: The acquisition of Falkenberg is a terrific opportunity for us and will allow us to expand the service offering to these brokers. In addition to expanding our British Columbia operation, we will be able to broaden the products available to Falkenberg which will create opportunity for all of us.