Latest news with #HUBInternational
Yahoo
28-05-2025
- Business
- Yahoo
@Work Partners with HUB International to Enhance Participant Engagement in Retirement and Private Wealth
BOULDER, Colo., May 28, 2025 /PRNewswire/ -- TIFIN @Work, the leading AI-powered platform unifying retirement, workplace benefits, and wealth, announces that it has secured a key strategic multi-year partnership with HUB International (HUB), a leading global insurance brokerage and financial services firm, to integrate TIFIN's solution into HUB FinPath, the firm's wellness platform, to elevate participant engagement in the retirement plans it administers on behalf of its client. With more than 9,400 retirement plans, $178 billion in assets under administration, and 1.8 million employees served through its Retirement and Private Wealth (RPW) practice, HUB is a market leader in workplace financial services. "This partnership is about supporting HUB to transform the way it connects with employees and empowers advisors," said Marc McDonough, CEO of TIFIN @Work. "By connecting participants to FinPath and HUB advisors through a modern AI native experience, we're helping their advisors deliver more relevant support, faster – deepening relationships and expanding impact. "HUB is committed to providing employers with solutions that improve the financial well-being of their employees," said Adam Sokolic, Chief Operating Officer at HUB International. "TIFIN @Work's ability to connect workplace wealth initiatives to actionable financial outcomes makes them a valuable partner in our efforts to serve employers and employees and create a unified experience that makes it easier for employees to access personalized guidance and tools for building financial confidence." The collaboration was supported by Franklin Templeton, a strategic investor in TIFIN and a long-time advocate for innovation in the workplace and retirement ecosystem. "The direction of the industry is clear—employers and providers must deliver more integrated, personalized financial solutions in the workplace," said Yaqub Ahmed, Global Head of Retirement, Workplace & Wealth at Franklin Templeton. "Partnerships like this one between HUB and TIFIN @Work are paving the way forward, meeting rising employee demand and unlocking long-term growth for the industry." Through the partnership, HUB will leverage TIFIN @Work to: Deliver AI-powered, intentional and actionable financial guidance to plan participants Seamlessly route participants to HUB's financial coaches and broader service offerings Increase engagement across retirement and benefit offerings Drive personalized actionable insights that lead to deeper relationships and new revenue This agreement builds on TIFIN @Work's momentum with large enterprise clients and reflects the accelerating convergence of retirement, workplace benefits, and wealth management. This collaboration signals a bold step toward a future where workplace engagement drives long-term wealth growth. About TIFIN @Work: TIFIN @Work bridges the gap between workplace and wealth management, empowering employees to optimize their workplace benefits within the context of their financial goals. The AI-driven platform connects employees with actionable insights while enabling wealth enterprises to convert participants into long-term clients. The TIFIN Group LLC (TIFIN) is a platform of products and companies that apply AI for financial services, with a focus on wealth management, asset management and insurance. TIFIN's companies include TIFIN Magnifi, TIFIN @Work, TIFIN Sage, TIFIN AG, TIFIN AMP, TIFIN Wealth, Helix, and Give. TIFIN is backed by leading investors including J.P. Morgan, Morningstar, Hamilton Lane, Franklin Templeton and SEI, among others. For media inquiries, please contact:Tanya Bhasintanya@ View original content to download multimedia: SOURCE The TIFIN Group Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
HUB International secures $1.6bn investment at $29bn valuation
HUB International has secured a $1.6bn minority common equity investment, valuing the company at $29bn. In a statement issued on 12 May, HUB said that this valuation is the 'largest enterprise value to date' attained by a private insurance broker. The infusion was led by funds and accounts advised by T. Rowe Price Investment Management, Alpha Wave Global and Temasek, with additional contribution from other investors. HUB was valued at $4.4bn during Hellman & Friedman's initial investment in 2013. The Chicago-based insurance brokerage's valuation grew to $10bn during Altas Partners' minority stake acquisition in 2018 and soared to $23bn during Leonard Green & Partners' investment in 2023. HUB's annual revenue surged to $4.8bn in 2024 from $1.1bn in 2013. The latest infusion furthers HUB's commitment to shareholder liquidity via a Liquid Private Placement, introduced with Leonard Green & Partners' investment in 2023. Hellman & Friedman will continue to hold a controlling interest in HUB and the management team will also maintain a 'significant' equity stake. Altas and Leonard Green & Partners will remain 'significant' minority shareholders and retain their board representation. 'Lack of selling appetite allowed the investment proceeds to provide primary capital for growth initiatives and other general corporate purposes, such as acquisitions, debt repayments, and maintaining excess cash on HUB's balance sheet,' the brokerage said. HUB stated that the investment proceeds will not be used for secondary redemptions of current equity holders. Morgan Stanley Smith Barney and Goldman Sachs were financial advisors to HUB, while Simpson Thacher & Bartlett provided legal counsel for the deal, which is due to close by the end of this month. HUB International chairman and CEO Marc Cohen said: 'Our ongoing investments in innovation, proprietary products, and strategic M&A [mergers and acquisitions], along with our commitment to learning and development, has led to consistent performance and strength in our organic growth and new business generation.' Recently, HUB acquired the assets of Allegiant Global Partners, a US-based consultancy, as part of its expansion strategy. "HUB International secures $1.6bn investment at $29bn valuation " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
23-04-2025
- Business
- Yahoo
HUB unveils insurance offering for HNWIs operating small businesses
HUB International has launched HUB Private Client Small Business Solutions, a new insurance offering designed for high-net-worth individuals who are small business owners. The service offers specialised coverage options to address the various risks and liabilities that come with owning and operating a small business. The range of coverages includes business owners, commercial auto, cyber, errors and omissions, general liability and property. Hub's new offering is powered by Insureon, the company's digital marketplace for small business insurance. The platform offers a digital gateway to a suite of specialised insurance products from more than 30 carriers. Insureon president Jeff Kroeger said: 'The launch of HUB Private Client Small Business Solutions underscores Insureon's ongoing commitment to providing personalised, top-tier coverage for small business owners. We are proud to partner with HUB Private Client Advisors to deliver a solution that safeguards both the clients' businesses and their personal wealth.' Additionally, HUB private client risk advisors are available to ensure that the insurance coverage aligns with the overall personal wealth strategy of the clients. HUB Private Client is a division of HUB International that focuses on delivering personalised risk solutions for high-net-worth individuals and families. The division provides advisory expertise with a consultative approach, with a focus on client advocacy. HUB executive vice-president and HUB Private Client head Katherine Frattarola stated: 'When an affluent family member starts a side venture, they need to understand and account for liabilities while operating a small business. With HUB Private Client Small Business Solutions, we understand the importance of customised guidance and solutions to protect not just the operations of this new venture but our clients' wealth and legacy.' Earlier in February, HUB International expanded its offerings with the launch of HUB Private Client Equine Risk Advisory Services. This service caters to high-net-worth and ultra-high-net-worth clients involved in the equine industry, including horse owners, trainers, riders and enthusiasts. "HUB unveils insurance offering for HNWIs operating small businesses " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
