Exhibit 99.1

      Hub International Shareholders Approve Proposed Acquisition

    CHICAGO--(BUSINESS WIRE)--June 5, 2007--Hub International Limited
(NYSE:HBG)(TSX:HBG) announced that its shareholders today approved the
proposed plan of arrangement pursuant to which funds advised by Apax
Partners together with Morgan Stanley Principal Investments will
acquire all of Hub's common shares for $41.50 per share in cash.

    The plan of arrangement was approved by 92.7% of the votes cast by
all shareholders at the meeting and by 91.9% of the votes cast by
disinterested shareholders, which excludes members of management who
have committed to make an investment in an affiliate of the entity
that is acquiring Hub.

    A hearing in respect of the final order on the plan of arrangement
is scheduled for tomorrow, June 6, 2007 at 10:00 a.m. (Toronto time)
in the Ontario Superior Court of Justice. Subject to obtaining the
final order and satisfaction of all conditions to closing, the plan of
arrangement is expected to close on or around June 13, 2007.

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

    Forward Looking Statements:

    This press release may contain "forward-looking statements" as
defined in Section 21E of the Securities Exchange Act of 1934, as
amended, that reflect our current expectations regarding our future
growth, results of operations, cash flows, performance and business
prospects, and opportunities, as well as assumptions made by, and
information currently available to, our management. We have used words
such as "anticipate," "believe," "expect," "intend," "plan,"
"project," "will continue," "will likely result," and similar
expressions to indicate forward-looking statements. However, these
words are not the exclusive means of identifying these forward-looking
statements. These statements are based on information currently
available to us and are subject to various risks, uncertainties, and
other factors that could cause our actual growth, results of
operations, financial condition, cash flows, performance and business
prospects, and opportunities to differ materially from those expressed
in, or implied by, these statements, including, but not limited to:
risks associated with implementing our business strategies,
identifying and consummating acquisitions, successfully integrating
acquired businesses, attaining greater market share, resolution of
regulatory issues and litigation, including those related to
compensation arrangements with insurance carriers, the possibility
that the receipt of contingent compensation from insurance carriers
could be prohibited, developing and implementing effective information
technology systems, recruiting and retaining qualified employees,
fluctuations in the demand for insurance products, fluctuations in the
premiums charged by insurance carriers, with corresponding
fluctuations in our premium-based revenue, fluctuations in foreign
currency exchange rates, any loss of services of key executive
officers, industry consolidation, increased competition in the
industry, the actual costs of resolution of contingent liabilities,
the passage of new federal, state or provincial legislation subjecting
our business to regulation in the jurisdictions in which we operate,
and those risks discussed in our Annual Report on Form 10-K,
particularly under the caption "Risk Factors," filed with the
Securities and Exchange Commission and the Canadian securities
commissions. These uncertainties and other factors also include, but
are not limited to, risks associated with the transaction, including
the occurrence of any event, change or other circumstances that could
give rise to the termination of the arrangement. Many of the factors
that will determine the outcome of the subject matter of this press
release are beyond Hub's ability to control or predict. We caution
readers not to place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
Except as otherwise expressly required by federal securities laws, we
undertake no obligation to update or publicly announce the revision of
any of the forward-looking statements contained herein to reflect new
information, future events, developments or changed circumstances or
for any other reason.


    CONTACT: Hub International Limited
             W. Kirk James, 312.279.4881
             Vice President, Secretary and
             Chief Corporate Development Officer
             Kirk.james@hubinternational.com