Hub International Limited said Monday it has entered into anagreement to be acquired by funds advised by Hellman &Friedman, in a deal that values the insurance brokerage at $4.4billion.

According to Bloomberg, the deal would be the largest takeoverof a U.S. insurance broker on record.

The acquisition of the leading global insurance brokerage wouldallow Hub to enhance its product and service capabilities andexpand its geographic footprint, Hub executives said.

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