Hub Worldwide has acquired a Saskatchewan-based farm insurance coverage brokerage and parametric options firm, World Ag Danger Options.
The insurance coverage brokerage and monetary companies agency is a managing basic agent for Aviva Canada. The farm brokerage began in 2009 and is headquartered in Moose Jaw, Sask., the place it offers full-service farm options, together with parametric insurance coverage and climate modelling know-how to assist purchasers defend the price of crops and their revenue.
The agency markets its Manufacturing Price insurance coverage product, a danger administration method that protects a farmers’ direct enter prices and top-line.
“The result’s the power to fully repair the danger a farmer faces earlier than the season is even underway, giving farmers a brand new degree of confidence to chase higher yields and pre-sell an excellent larger portion of their crop when costs are excessive,” Hub’s web site reads.
Hub says the deal is a part of its technique to develop organically and thru acquisitions. “Their concentrate on the agribusiness and farm business helps Hub’s specialty practices by complementing and strengthening its current capabilities.”
World Ag Danger Options’ govt staff and workers will be part of Hub’s Prairies workplace.
“We’re excited to welcome the World Ag Danger Options staff to Hub,” stated Ryan Matthews, president of Hub Prairies. “They may elevate our experience and choices within the area, offering purchasers with the help they search for as they go into every farming season.
Hub has been strengthening its agribusiness vertical recently. The brokerage introduced its appointment of Marc Chouinard as its nationwide Canada apply chief for its specialty agribusiness options. Other than his duties within the agricultural line, he additionally oversees enterprise within the meals and forestry business sectors.
Function picture by iStock.com/mysticenergy
