Reported about 11 hours ago
Hub International, a major global insurance broker, has reached a valuation of $29 billion following a $1.6 billion minority investment led by T. Rowe Price and Temasek. This marks a significant increase from its previous valuation of $23 billion in 2023. The investment will allow Hub to pursue further acquisitions in a fragmented market while providing liquidity to existing shareholders. Established in 1998 and publicly traded since 1999, Hub now employs over 19,000 people and generated $4.8 billion in revenue in 2024.
Source: YAHOO