Winnipeg Free Press - PRINT EDITION

Business Watch

  • Print

Hub buys Essex Insurance

HUB International Horizon, one of the largest insurance brokerages in the province, has acquired the shares of Essex Insurance.

Essex had four locations in Superstores but lost its licence to sell Autopac insurance through Manitoba Public Insurance earlier this year.

Keith Jordan, president of Hub Horizon, said the deal included Essex's personal and property insurance, but the main attraction was the locations.

"This was an opportunity to get into location that have been good Autopac locations," he said.

Terms of the deal were not disclosed.

Hub Horizon has 11 locations in Winnipeg and 18 in the province. It will close three of its smaller locations and move them to three former Essex locations in Superstores on McPhillips Street, Bison Drive and Gateway Road.

Hub Horizon is part of Chicago-based Hub International Limited, the 10th largest U.S. insurance brokerage.

 

Interest rates in focus

TORONTO -- Stock markets are likely in for another choppy week of trading as traders concentrate on Canadian interest rates and a number of U.S. earnings reports.

The Bank of Canada makes its next rate announcement on Wednesday and analysts fully expect the bank will leave its key rate where it's been since September 2010 -- at one per cent.

Central bank governor Stephen Poloz has struck a decidedly dovish tone with rates since taking over the top job last year and economists generally don't expect any movement in rates until the second half of next year. They also don't expect him to abandon that stance in favour of a more hawkish tone that would indicate higher rates are on the way.

-- staff / The Canadian Press

Republished from the Winnipeg Free Press print edition April 14, 2014 B5

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

Key of Bart: Fifty Ways To Punt Your Premier

View more like this

Photo Store Gallery

  • Bright sunflowers lift their heads toward the south east skies in a  large sunflower field on Hwy 206 and #1 Thursday Standup photo. July 31,  2012 (Ruth Bonneville/Winnipeg Free Press)
  • The sun peers through the fog to illuminate a tree covered in hoar frost near Headingley, Manitoba Thursday- Standup photo- February 02, 2012   (JOE BRYKSA / WINNIPEG FREE PRESS)

View More Gallery Photos

Poll

Are you in favour of the Harper government's new 'family tax cut'?

View Results

View Related Story

Ads by Google