Exhibit 99.1


    Kaye Insurance Receives Notice that State of New York Seeks Information
                       Regarding Compensation Agreements
               Between Insurance Brokers and Insurance Companies

    CHICAGO--(BUSINESS WIRE)--April 23, 2004--Kaye Insurance
Associates, Inc., a subsidiary of Hub International Limited
(NYSE:HBG)(TSX:HBG), has received from the Office of the Attorney
General of the State of New York a subpoena seeking information
regarding certain compensation agreements between insurance brokers
and insurance companies.

    Such compensation agreements, also known as contingent agreements,
between insurance companies and brokers are a long-standing and common
practice within the insurance industry. Kaye Insurance now discloses
such arrangements on its invoices to clients and on its web site
(www.kinsurancecenter.com). In addition, Hub International discloses
the arrangements in it public filings.

    Hub International and Kaye Insurance will fully cooperate with the
inquiry.

    Headquartered in Chicago, IL, Hub International 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 which
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 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. 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.

    CONTACT: Hub International Limited, Chicago
             W. Kirk James, 312-279-4881
             Vice President, Secretary and
             Chief Development Officer
             email: kjames@hubinternational.com