Press releases

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 Location:  Chicago
 Date:    2010-01-06  
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Hub International Limited (Hub) announced today that it has acquired Ogilvy, Gilbert, Norris & Hill d/b/a Ogilvy Hill Insurance (OHI), a Santa Barbara, California-based insurance brokerage firm, with revenues of approximately $7 million. Terms of the transaction were not disclosed.

The OHI team will become part of Hub International Insurance Services Inc. (Hub California) and will expand Hub California’s existing significant presence in the Santa Barbara and Thousand Oaks areas, while also adding a new office in Oxnard, California. Founded in 1888, OHI maintains a diversified book of business and offers commercial, personal and employee benefits products and services to its client base of businesses and individuals. The firm has developed several niche programs for various industries including card clubs and arborists. The firm also is active in many local associations and is well known across California’s Central Coast region.

Roy Taylor, President, West Region, of Hub commented that "we are extremely excited to join forces with the OHI team, a brokerage with one of the best reputations in the area for quality coverage and service. This agency was an excellent fit for us as we share a very similar philosophy with their team in providing our clients with the finest services from their outstanding staff. This acquisition allows us to maintain our growth objectives and will further build on our already significant presence in California’s Central Coast region.”

Mark Shipp, Chief Executive Officer of OHI, said that “we are looking forward to joining one of the nation’s largest insurance brokerages, Hub International. The OHI team is enthusiastic about creating a union that will enhance the level of products and services that our clients have learned to appreciate. I believe that the strong market relationships built by HUB will more than meet what our valued clients have come to expect."

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.

 In the following box below, please add a contact information.
Daniel Goldsmith
Hub International Limited
Chief Financial Officer
Phone: 312.279.4840

Clark Wormer
Hub International Limited
Director, Mergers & Acquisitions
Phone: 312.279.4848
 Please, enter the source in the following box.   
 SOURCE :   HUB International Limited