Hub International IPO Submission and New Analytics Leadership
Hub International has submitted a confidential application for an initial public offering (IPO), potentially valuing the company at over $30 billion. Concurrently, the brokerage announced the appointment of Samuel Garvey to head its commercial lines analytics practice. This strategic move complements Hub's emphasis on proprietary analytics, a critical factor for appealing to investors in the potential IPO.
In 2025, Hub reported $4.75 billion in brokerage revenue, achieving a 10.1% organic growth rate and completing 49 acquisitions. These accomplishments underscore Hub’s expansive growth, although market investors are eager to understand the sustainability of its competitive edge beyond the rapid acquisition strategy. To distinguish itself, Hub seems to be enhancing proprietary analytics, with Garvey's role being vital in this development.
"Data is abundant but insight is scarce," stated Tim DeSett, Hub's president of commercial lines. "He brings a track record of building rigorous, client-facing analytics and translating that complex data into real outcomes." This remark underscores the significance of Garvey’s expertise, sending a clear message to potential investors.
Hub's commitment to advanced technology is apparent in recent initiatives. The firm implemented Anthropic's Claude platform for approximately 20,000 employees in the last quarter of 2025 and enhanced AI-driven tools for its producers during Garvey's hiring. Additionally, Hub has strengthened its partnership with CyberCube, integrating cyber risk analytics into its Professional and Executive Risks team to better assess clients' cyber exposure.
Garvey's responsibilities include developing proprietary tools for risk evaluation and advising on program structure, retentions, loss projections, and the overall cost of risk. A Fellow of the Casualty Actuarial Society since December 2024, his expertise encompasses risk modeling, captive analytics, and insurtech platform development. Previously, he served as vice president of analytics at another brokerage, leading actuarial and modeling functions, and developing a commercial insurtech platform. His experience also includes surplus lines pricing strategies and catastrophe risk analysis.
DeSett, who joined Hub from Lockton in 2024, will work closely with Garvey to enhance the analytics practice, ensuring it aligns with the company's overall growth strategy. This collaboration is crucial as Hub continues to bolster its position in the competitive insurance brokerage industry.