Hub International Acquires B. & D.A. Weisburger

NEW YORK -- Hub International Limited and today announced that its New York-based wholesale insurance division, Program Brokerage Corporation (PBC), has acquired, for an undisclosed amount of cash and Hub stock, the assets of B. & D.A. Weisburger, Inc. of White Plains, NY.

The acquired company, family owned since its founding in 1915, offers pest control and lawn care coverage programs to other agents and brokers as well as retail clients. The firm, with annual revenues of approximately $3 million, will remain in White Plains.

Weisburger has the endorsement of the National Pest Management Association and has also been chosen by the Professional Lawn Care Association of America to provide insurance services to its members. Michael A. Weisburger, CLU & ChFC, President, and majority owner of the business, will become a Vice President at PBC, reporting to Marc I. Cohen, PBC President.

"This is an interesting and very promising specialty coverage discipline we are adding to PBC's capabilities," says Martin P. Hughes, Hub Chairman and Chief Executive Officer. "We are always looking for opportunities to expand the offerings we have available to our retail producer network and middle market clients, and finding a firm with such a fine reputation in the industries it serves and a history of almost 90 years is particularly gratifying. We welcome Michael and his staff to our PBC group."

Mr. Weisburger says, "We are very proud of the long family tradition our business represents. Now joining with PBC will enable us to tap the many additional resources of an excellent program specialist that has its own impressive history of growth and innovation. I look forward to working with the talented management at PBC and continuing to serve our clients with the highest standards of professionalism."