EXHIBIT 99.2

                                                        [HUB INTERNATIONAL LOGO]

NEWS RELEASE

             HUB INTERNATIONAL LIMITED AND CITIZENS FINANCIAL GROUP
               TO CREATE STRATEGIC ALLIANCE FOR INSURANCE PRODUCTS
                  HUB TO PURCHASE INSURANCE BROKERAGES FROM CFG

CHICAGO, March 1, 2006 - Hub International Limited (NYSE/TSX: HBG) announced
today that it has agreed to enter into a strategic alliance with Citizens
Financial Group, Inc. ("CFG"). The alliance will be a professional arrangement
of the two industry specialists, leveraging their banking and insurance
expertise to provide expanded products, services and support to clients.

Hub and CFG have entered into an agreement pursuant to which Hub will purchase
three large insurance brokerages from subsidiaries of CFG: Citizens Clair
Insurance Group (Clair), based in Norristown (Philadelphia), Pennsylvania;
Brewer & Lord, based in Norwell (Boston), Massachusetts; and Feitelberg
Insurance, based in Fall River, Massachusetts. On a combined basis, the three
brokerages had revenue of approximately $45 million in 2005, and operate from 19
offices in Pennsylvania, Massachusetts, and Rhode Island.

"We believe banking customers are best served when they have access to a full
array of financial services, including insurance, and we have provided those
services through three strong agencies within Citizens," said Robert M. Mahoney,
vice chairman of Citizens Financial Group. "Our strategic alliance with Hub
International will expand our access to product offerings, locations and
expertise, enhancing our competitive position."

Martin P. Hughes, Hub International's chairman and chief executive officer, said
the alliance creates the opportunity to reach thousands of clients currently
affiliated with Citizens Financial Group, while adding a strong pool of talent
to Hub.

"The strategic marketing initiative between Citizens Financial Group and Hub
will strengthen our footprint in New England and Pennsylvania, while creating
new opportunities for the acquired brokerages," Hughes said.

Mahoney commented, "While we achieved both revenue growth and profitability in
line with our strategies for the insurance brokerage business, we see a new
opportunity to serve our customers by partnering with Hub International as our
insurance broker of choice. Joint marketing efforts with Hub will enable us to
bring a broader array of insurance products and services to more of our retail
and commercial customers in more locations."



With roots dating back to the 1920s, Citizens Clair Insurance Group (Clair) is
one of the largest insurance agencies in eastern Pennsylvania with annual
revenue of approximately $16.5 million. Founded in 1859, Boston-based Brewer &
Lord has eleven offices throughout Massachusetts and Rhode Island with annual
revenue of approximately $19.7 million. Established in 1916, Feitelberg
Insurance, based in Fall River, Massachusetts, serves customers from six offices
in eastern Massachusetts with annual revenue of approximately $8.6 million. All
three companies are full service brokers providing a range of property and
casualty, life and health, employee benefits, surety and personal lines
insurance products and services.

"The brokerages we are acquiring from Citizens Financial Group have the products
and distribution networks that mesh with Hub's profile across the United
States," Hughes said. "Theirs is a business model we are familiar with. The
operations we are acquiring are well-established and profitable, so
consolidation is not likely to add great value at this time," he explained.
"While we pride ourselves on our ability to integrate acquired businesses, we
also recognize that it is sometimes the best strategy to rely on what is working
effectively."

The purchase price for the acquisition of the three brokerages is $80 million
(inclusive of tangible net worth) payable in cash on closing, as well as an
earn-out based on future performance. The earn-out payments, which will in the
aggregate be at least $3 million, will be payable over three years and, at Hub's
option, in cash or a combination of cash and Hub common shares. Hughes indicated
that he expects total consideration for the transaction will be within Hub's
target multiple of 5-7 times EBITDA (earnings before interest, taxes,
depreciation and amortization). Closing of the acquisitions is expected to occur
in April 2006 and is subject to the satisfaction of regulatory and other
customary conditions. Hub has secured a financing commitment to fund the
acquisition, but will continue to investigate and evaluate all avenues for
expansion capital.

Citizens Financial Group is the eighth-largest commercial bank holding company
in the United States with $155 billion in assets as of December 31, 2005. The
bank holding company operates branches in 13 states (Connecticut, Delaware,
Illinois, Indiana, Massachusetts, Michigan, New Hampshire, New Jersey, New York,
Ohio, Pennsylvania, Vermont, and Rhode Island) and non-branch offices in more
than 40 states.

Headquartered in Chicago, IL, Hub International Limited is a leading North
American insurance brokerage that provides a broad array of property and
casualty, life and health, employee benefits, investment and risk management
products and services through offices located in the United States and Canada.

This press release may contain forward-looking statements that reflect our
current views with respect to future events and financial performance. These
forward-looking statements relate, among other things, to our plans and
objectives for future operations and are subject to



uncertainties and other factors that could cause actual results to differ
materially from such statements. These uncertainties and other factors include,
but are not limited to, risks associated with implementing our business
strategies, identifying and consummating acquisitions, integrating acquired
brokerages, attaining greater market share, developing and implementing
effective information technology systems, recruiting and retaining qualified
employees, fluctuations in the premiums charged by insurance companies with
corresponding fluctuations in our premium-based revenue, any loss of services of
key executives, industry consolidation, increased competition in the industry,
fluctuations in the demand for insurance products, exchange rates, resolution of
regulatory issues, including those related to compensation arrangements with
insurance companies, the actual costs of resolution of contingent liabilities
and the passage of new legislation subjecting our business to regulation in
jurisdictions where we operate. We caution readers not to place undue reliance
on these forward-looking statements, which speak only as of the date of this
press release. Additional information regarding these risks and other factors
that could cause Hub International's actual results to differ materially from
our expectations is contained in the company's filings with the Securities and
Exchange Commission and the Canadian securities commissions. Except as otherwise
required by federal securities laws, Hub International undertakes no obligation
to publicly update or revise any forward-looking statements, whether as a result
of new information, future events or otherwise.

MEDIA CONTACTS:
W. Kirk James
Vice President, Secretary and
Chief Corporate Development Officer
Phone:  312.279.4881
Kirk.james@hubinternational.com

Heather Schneider
Corporate Communications Manager
Phone: 312.279.4683
Heather.schneider@hubinternational.com

INVESTOR CONTACT:
Michael Rosenbaum
Rosenbaum Advisors, Inc.
Phone:  847 749 1010
Fax:    847 577 6767
Web: http:\\www.rosenbaumadvisors.com
E-mail: michael@rosenbaumadvisors.com

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