HUB International Forms Wholly Owned Subsidiary – Specialty Program Group – to Expand National Reach of Specialty Products and Programs
Oct 01, 2015
CHICAGO–(BUSINESS WIRE)–Hub International Limited (HUB), a leading global insurance brokerage, announced today that it has established a wholly owned subsidiary – Specialty Program Group – to deepen its commitment to program underwriting and expand its reach into specialty business. Additionally, the company announced that Chris Treanor has joined the company as President of Programs and Specialty Products and will serve as President of the new subsidiary.
“Specialty Program Group, under Chris Treanor’s leadership, will play an integral role in the future growth of the firm and opportunities for specialized product innovation,” stated Martin Hughes, Chairman of the Board and Chief Executive Officer. “Under Chris’ leadership the subsidiary will develop and execute strategies to acquire and develop best-in-class MGAs and programs that benefit clients with specialized products.”
“Specialty Program Group will focus on building programs that are rooted in a foundation of consistent processes in underwriting and claims management, industry expertise and access to national distribution,” explained Treanor. “It’s an exciting time in the industry to bring in existing MGAs to be part of this vision who want to expand their reach, grow their business, access national carrier relationships and build it all on best-in-class technology systems and processes.”
Treanor will report to Mr. Hughes and will serve on the HUB executive management team. Treanor most recently served as President of Preferred Concepts, LLC, a leading MGA. He was also a co-founder of Mercator Risk Services, Inc., a national wholesale brokerage firm. Early in his career Treanor spent 20 years at Marsh where he held numerous leadership roles in brokerage, sales and office management, ultimately CEO of the global placement operations and member of the Board of Directors and Management Committee.
Treanor received an AB in Economics and History magna cum laude from Duke University, and an MBA from Columbia University.