Builds presence in California’s Central Coast region
Hub International said that it has acquired Ogilvy Hill Insurance (OHI), an insurance brokerage firm with revenues of approximately $7mn.
Under the agreement, the OHI team will become part of Hub International Insurance Services, 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.
Ogilvy Hill Insurance offers commercial, personal and employee benefits products and services to its client base of businesses and individuals. The firm has developed several programs for industries including card clubs and arborists.
Roy Taylor, president for West Region of Hub International, said: 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 presence in California’s Central Coast region.”
Mark Shipp, chief executive officer of Ogilvy Hill Insurance, said: “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.