Hub International Acquires Jacobs & Jacobs, Inc

Business Wire, August 6, 2007

Leading Insurance Brokerage Expands Presence on Long Island

CHICAGO -- Hub International Limited announced today that it has acquired certain assets of Jacobs & Jacobs, Inc. (J&J), a North Shore Risk Management company. J&J's operations became part of Hub International Northeast (HUB Northeast), expanding this operation's current presence in the Long Island, New York area.

Currently based in Roslyn Heights, New York, J&J is a full-service brokerage firm which employs 12 professionals, all of whom work at this location. The firm has a large client base within the real estate, manufacturing and restaurant industries. Over the course of the next several months, the team will be relocating to HUB Northeast's current Long Island office, based in Woodbury. The agency, which was founded in 1928, has maintained a strong presence on Long Island over the past eight decades and was previously managed by Robert Jacobs, president, and Ron Lewis, vice president. They will now report directly to Douglas Schenendorf, president, Long Island Operations of HUB Northeast.

"We are very excited to welcome the J&J team to the Hub International organization," said Douglas Schenendorf. "They have built many strong relationships within the Long Island business community and throughout the New York metro area, while establishing a solid reputation in the marketplace. We are confident that with their experience and industry knowledge, Robert, Ron, and their team will be wonderful additions to our team."

"On behalf of the staff at J&J, we are extremely enthusiastic to have joined the Hub International organization and become a part of one of the nation's top insurance brokerages," said Robert Jacobs. "As part of the Hub International team, we look forward to expanding our client offerings by bringing more value-added services and resources to the table."

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