PowerPoint Catto & Catto to HUB Insurance Broker Assignment

1. ADMINISTRATION
Presented by:
Phil Laney
Assistant City Manager
INSURANCE BROKER CONTRACT
ASSIGNMENT
ITEM # 10
DECEMBER 13, 2021

2. SUMMARY
 Catto & Catto is the City’s insurance broker for
employee insurance benefits
 In November 2021, Catto & Catto was purchased
by Hub International Inc.
 Possible action to assign current contract to Hub
 No change to services or terms

3. BACKGROUND INFORMATION
 2016: Financial Benefit Services (FBS) in partnership with
Catto & Catto became the city’s insurance broker
 2018: Catto & Catto became the sole broker with fees
remaining at the initial $26,500 per year
 2020: Catto & Catto contract increased annual fee to
$27,030 per year
 Nov. 2021: Catto & Catto acquired by Hub International,
Inc.; transferring contract services & terms to Hub

4. POLICY ANALYSIS
Catto & Catto have consistently provided
quality insurance broker services to the city
since 2016
Assignment to Hub International, Inc. to
continue current contract services & terms

5. COORDINATION
 City Attorney
 City Manager

6. FISCAL IMPACT
 No fiscal impact
 Annual fee to remain $27,030 per year