Exhibit 21.1
Hub International Limited
Subsidiaries as of 12/31/02
Page 1 of 2
| 798676 Alberta Ltd. | Alberta, Canada | |
| 805977 Alberta Ltd. | Alberta, Canada | |
| Advanced Benefit Resources Corp. | Delaware | |
| American Coverage Administrators, Inc. | Delaware | |
| Barton Insurance Brokers Ltd. | British Columbia, Canada | |
| Beacon Underwriting Ltd. | British Columbia, Canada | |
| Blais Assurance & Gestion de Risques Inc. | Quebec, Canada | |
| Brentwood Insurance Agencies Ltd. | British Columbia, Canada | |
| Brokerage Underwriting Services Inc. | Ontario, Canada | |
| Bru Agencies Ltd. | Alberta, Canada | |
| Burnham Insurance Center LLC | Michigan | |
| Burnham Insurance Group, Inc. | Michigan | |
| Burnham Stewart Reinsurance Ltd. | Turks & Caicos | |
| C.J. McCarthy Insurance Agency, Inc | Massachusetts | |
| Claims Administration Corporation | Delaware | |
| Colwood Insurance Services Inc. | British Columbia, Canada | |
| Ernest-Roy Hobbs Inc. | Quebec, Canada | |
| Evans-Bastion Insurance Agencies | British Columbia, Canada | |
| Gifford Associates Insurance Brokers Ltd. | Ontario, Canada | |
| Gulliver Insurance Brokers Ltd. | Ontario, Canada | |
| Halton Caird Life Insurance Agency Ltd. | Ontario, Canada | |
| Halton-Caird Insurance Brokers Limited | Ontario, Canada | |
| Hooper, Hayes & Associates, Inc. | California | |
| HUB 724 Holdings, Inc. | Delaware | |
| HUB 724.com, Inc. | Delaware | |
| Hub Capital Inc. | Ontario, Canada | |
| Hub e-com, Inc. | Delaware | |
| Hub Financial (British Columbia) Inc. | British Columbia, Canada | |
| Hub Financial (Prairies) Inc. | Alberta, Canada | |
| Hub Financial Inc. | Ontario, Canada | |
| Hub Hungary Liquidity Management Limited Liability Company | Hungary | |
| Hub International of California, Inc. | Delaware | |
| Hub International of Indiana Limited | Indiana | |
| Hub U.S. Holdings, Inc. | Delaware | |
| Hubacq Inc. | Ontario, Canada | |
| I.C. Insurance Brokers Limited | Ontario, Canada | |
| Kaye Group Inc. | Delaware | |
| Kaye Insurance Associates, Inc. | Delaware | |
| Keard Insurance Brokers Limited | Ontario, Canada | |
| Mack and Parker, Inc. | Illinois | |
| Martin Assurance & Gestion de Risques Inc. | Quebec, Canada | |
| MBA/BIG Management Partners LLC | Michigan | |
| McIntosh Insurance Services Inc. | British Columbia, Canada | |
| Michigan Banker’s Insurance Center LLC | Michigan | |
| Mitchell McConnell Insurance Ltd. | New Brunswick, Canada | |
| O’Neil & Company Limited | Ontario, Canada | |
| P. Moauro & Associates Inc. | Ontario, Canada |
Hub International Limited
Subsidiaries as of 12/31/02
Page 2 of 2
| Page Insurance Ltd. | Alberta, Canada | |
| Park Brokerage, Ltd. | Bermuda | |
| Paul Ayotte Insurance Broker Ltd. | Ontario, Canada | |
| Pro-Form Insurance Services Inc. | Ontario, Canada | |
| Program Brokerage Corporation | Delaware | |
| Rose, Horne & Stevenson Insurance Brokers Inc. | Ontario, Canada | |
| Smallwood Insurance Services Ltd. | British Columbia, Canada | |
| Spectrum Financial Services, Inc. | Massachusetts | |
| Tenax Employee Benefits & Consulting Inc. | Ontario, Canada | |
| The Hub Group (Ontario) Inc. | Ontario, Canada | |
| The Hub Group Ontario (2002) Inc. | Ontario, Canada | |
| The Power Group Insurance Brokers Inc. | Ontario, Canada | |
| The Wholesale Insurance Group Inc. | Ontario, Canada | |
| TOS Insurance Services Ltd. | British Columbia, Canada | |
| Warner Associates, Inc. | Alabama |
