Hub International Limited announced Nov. 5 that it has acquired Global AG Risk Solutions Corp. and AG Weather Solutions Corp., known as Parametric Ag. It is the sixth acquisition of the year in Canada for the company, following the acquisition of Felton et Associes Assurances Inc. in September and an Ontario numbered company from Bradley Beer in July.

Global Ag Risk Solutions, headquartered in Moosejaw, Saskatchewan, specializes in whole-farm insurance solutions, including parametric solutions. The firm also brings with it weather modelling technology they say helps clients protect crops and profits. The additions are expected to strengthen Hub’s existing specialty practices capabilities. The firm’s regional expertise was also cited in Hub’s announcement, while the firm in turn says it looks forward to continued growth, thanks to Hub’s expertise and resources. Terms of the transaction were not disclosed.

Dave Sullivan, executive vice president of Global Ag Risk Solutions will report to Greg Johnson, Hub Prairies’ chief strategy officer. Damon Johnson, Global’s executive vice president, along with the Global Ag Risk Solutions team will also join Hub Prairies. Going forward the company will be referred to as Global Ag Risk Solutions, a Hub International company.