HUB INTERNATIONAL LAUNCHES SPECIALIZED NON-PROFIT PRACTICE

New HUB specialty to provide practical, tailored solutions to help nonprofits operate responsibly and efficiently while staying true to their missions

CHICAGO, May 12, 2022 /PRNewswire/ — Hub International Limited (HUB), one of the world’s leading insurance brokerage and financial services firms, today announced the launch of its Nonprofit Specialty practice, HUB’s 10th specialty in five years. Training the practice formalizes HUB’s capabilities to meet the unique risk management, insurance and human capital needs of associations, arts and culture entities, foundations, public advocacy, religious organizations and other charities.

“HUB has a long track record of successfully assisting nonprofit organizations and the creation of a new nonprofit specialty practice formalizes our work in this area,” said Mark Cohen, CEO and President of HUB International. “Not-for-profit organizations face unique operational, financial and governance challenges, and our specialist brokers will help them thrive by providing proactive consultation and advice to protect against all aspects of their risk.”

HUB’s Nonprofit Insurance Veteran Scott Konrad will lead the new specialty practice. He will be responsible for galvanizing HUB’s decades of nonprofit client experience, industry relationships and sector engagement to develop innovative risk management, insurance and human capital products and solutions. Konrad is a nationally recognized author and speaker on nonprofit risk management topics with direct experience as a leader serving nonprofit civic, religious, and professional organizations, including the Advisory Council of the not-for-profit Risk Management Center.

According to Independent Sector, nonprofits make up 10% of the U.S. workforce, the third largest in the United States, behind retail and manufacturing. In Canada, there are over 170,000 charities and nonprofits, of which over 85,000 are registered charities recognized by the Canada Revenue Agency. According to Statistics Canada, not-for-profit organizations account for nearly 13% of all jobs in Canada.

“Nonprofit organizations face increasing pressure to demonstrate operational efficiency and prudent management, which means maximizing value at every turn – by reducing risk, protecting their assets and taking care of their staff,” Konrad said. “We understand the challenges, needs and temperament of the charitable sector, and use our skills and resources to address issues such as board protection, talent recruitment and retention, volunteer risk management , etc. By easing the burden on busy nonprofit leaders so they can focus on the mission, we are an effective catalyst for the greater good.”

“Having a dedicated practice supports our efforts to develop more specialized products, expand carrier relationships and provide our clients with integrated industry-specific property and casualty insurance, benefits and retirement solutions. “, added Chris Treanor, President of HUB Programs & Specialties. “This is a unique sector of the economy with unique needs, and we are delighted to provide specific services to fuel its success.”

HUB Specialties has helped position the company for continued growth, developing and enhancing the company’s already deep expertise and strong industry knowledge to deliver tailored solutions to clients. HUB’s other specialty practices include agriculture, cannabis, construction, entertainment/sports, financial institutions, healthcare, hospitality, transportation, and real estate.

Learn more about the nonprofit specialty practice, here.

About HUB International
Based at Chicago, Ill., Hub International Limited is one of the world’s leading insurance brokerage and financial services companies, offering risk management, insurance, employee benefits, retirement and wealth management products and services. heritage. With over 14,000 employees in offices across North America, Hub’s extensive network of specialists brings clarity to a changing world with tailored solutions and relentless advocacy, so clients are ready for tomorrow. For more information, visit www.hubinternational.com.

MEDIA CONTACTS:
Marni Gordon
Phone: 312-279-4601
[email protected]
Jessica Wiltse
Phone: 312-596-7573
[email protected]

SOURCE Hub International Limited

.

Leave a Comment