HUB INTERNATIONAL ACQUIRES ASSETS OF CALIFORNIA-BASED LAUBACHER INSURANCE AGENCY, INC.

Chicago March 5, 2015 -

Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired the assets of Laubacher Insurance Agency, Inc. (Laubacher), servicing Ventura, Santa Barbara, and San Luis Obispo Counties, CA. Terms of the acquisition were not disclosed.  The agencies will become part of the California operations of Hub International Insurance Services (Hub California). 

Laubacher is a full-service property and casualty, employee benefits and personal lines agency and brokerage with locations in Oxnard and Solvang, California. A focus on farm and ranch insurance has made the agency a longstanding resource for the California tri-counties. The firm's owners, Tom Laubacher and Harry Crosby, will join Hub California as Senior Vice Presidents, reporting to Darren Caesar, Senior Executive Vice President.  With this latest acquisition, Hub California will employ more than 950 employees in the state.

"California is a diverse and complicated insurance landscape, and Hub continues to build the local market expertise of the state through acquisition," Caesar noted. "Laubacher has a rich heritage in the tri-counties and their farm and ranch expertise is a strong fit for Hub's continued growth in the region."   

About Hub's M&A Activities

Hub International Limited is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise.  For more information on the Hub M&A experience, visit www.WeAreHub.com.

About Hub International

Headquartered in Chicago, IL, Hub International Limited is a leading global insurance brokerage that provides property and casualty, life and health, employee benefits, investment and risk management products and services through offices located in the North America. For more information visit www.hubinternational.com.

 

MEDIA CONTACTS:
Marni Gordon
Hub International Limited
Director, Corporate Communications
Phone: 312.279.4601
Marni.Gordon@hubinternational.com


Brokerage and Banker Contact:

Clark Wormer
Hub International Limited
Director, Mergers & Acquisitions
Phone: 312.279.4848
Clark.Wormer@hubinternational.com

Source: HUB International Limited