Hub International Limited (HUB), a leading global insurance brokerage, announced today that it named Marc Cohen, currently President of HUB, as President and Chief Executive Officer of HUB, effective January 1, 2018. He will also be a member of the Board of Directors. Cohen will continue to report to Martin P. Hughes, who will continue to serve as Executive Chairman, HUB.  

As President and CEO, Cohen is responsible for the financial strategy, including directing organic sales and M&A activity, as well as delivering innovative solutions to customers. He’ll be driving from an already strong position. HUB is forecasted to end 2017 at $2 billion in pro forma revenue, aided by its trending record-setting number of M&A deals and an organic growth rate of 4.6% through the first seven months of 2017.   

Cohen was named President of HUB in January 2017 and has already begun to focus his thoughts on future growth opportunities, including employee benefits in Canada and 401(k) retirement planning in the U.S. He is spearheading investments in product and industry specialists, as well as resources and technology for HUB employees to deliver a world class insurance experience. He also plays a key role in positioning HUB as a best-in-class strategic partner for carriers, wholesalers and MGAs to ensure that the needs of HUB’s customers are met through the best available policy terms, market value and program placement. All of these efforts demonstrate HUB’s value proposition of bringing global resources to the local market via HUB’s regional brokerage offices.

“Marc had a big year in his role as President and he has certainly taken the reins and proven his passion for our customers, our business and our employees,” stated Hughes. “In his more than three decades of experience and long tenure with HUB, Marc has performed in an outstanding manner. He is a great leader who will continue to build upon HUB’s historical success while nurturing the unique culture that defines HUB.”

Cohen’s penchant for growth is rooted in his previous position at HUB as CEO of HUB Northeast, where he was responsible for the region’s nearly tripled revenue and for closing 25 acquisitions.  Equally important is his dedication to the culture of HUB, its entrepreneurial spirit and focus on the customer. He infused that culture throughout the region and beyond as President, and has maintained a strong commitment to the local markets where the people at each of HUB’s 400+ offices work and live.

“I am honored to take the role of CEO and to continue the success that Marty has established for HUB while working alongside some of the best professionals in the industry,” stated Cohen. “The HUB culture is extremely important to the 11,000+ HUB employees, and I am committed to making sure that it continues to thrive and is embraced by our people. I look forward to guiding HUB to deliver exceptional customer experiences while meeting our financial goals in the coming years.”