Global insurance brokerage and financial services firm, Hub International Limited, announced September 7 that it has acquired GJJK Inc., an Ontario brokerage providing commercial and personal insurance to clients in the cannabis industry.
“Their specialization in the cannabis industry supports Hub’s specialty practice by complimenting and strengthening its existing capabilities. Owner Fady Kamel and his team will join Hub Ontario,” the company said in a statement about the acquisition. Terms of the transaction were not disclosed. “They will help expand our specialty expertise in this vertical,” adds Susan Murphy, president and CEO of Hub Ontario.
Hub’s chief sales officer, cannabis specialty practice, Jay Virdi says “this acquisition is yet another example of our commitment to a space that continues to be underserved by the insurance market.”