Hub introduces nonprofit specialty practice

Hub International Ltd. on Thursday said it has launched a nonprofit specialty practice.

The practice serves organizations including associations, arts and cultural entities, foundations, public advocacy, religious and other charitable organizations, and will be led by Hub’s Scott Konrad, North American nonprofit practice leader.

The nonprofit specialty practice is the broker’s 10th specialty in five years, Hub said.

Hub International CEO and President Marc Cohen said in the Thursday statement that nonprofits face unique operational, financial and governance challenges.