Hub acquiring Edmonton benefits, retirement consultancy

Hub International Ltd. is acquiring Edmonton-based employee benefits and retirement consulting firm Benefex Consulting Inc.

Benefex specializes in group insurance programs, retirement, wellness solutions and special risk coverage. It serves clients in British Columbia, Yukon, Alberta, Northwest Territories, Saskatchewan and Ontario.

Read: Hub names Canadian benefits leadership team, areas of service

“We are excited to add another dynamic firm to our expanding employee benefits platform,” said Kevin Rome, president of employee benefits for Hub Canada West, in a press release. “The Benefex team has a long-standing reputation of excellence in the Alberta benefits marketplace. Their commitment to client service and tenacity in supporting their clients’ interests align very well with our core values. Their experience in providing advice and mitigating risks make them a great addition to our Hub Canada West team.”

Benefex principals Wade Cox, Kyle Stinson and Brad Seib will join Hub International Insurance Brokers, a division of Hub International Canada West and will continue serving Benefex’s existing plan sponsor clients, noted the release.