Dallas-based Maclean, Oddy & Associates Inc. (Maclean Oddy), an excess and surplus lines agency with brokerage and underwriting capabilities, has been acquired by Richmond, Va.’s Hilb, Rogal and Hamilton Company.
According to insurance and risk management intermediary HRH, Maclean Oddy has a branch office in Houston and generates revenue of approximately $6.7 million annually. Established in 1983, the company has established a strong regional presence in the southwestern U.S. with 38 full-time employees serving over 220 retail agents and thousands of brokerage and underwriting clients.
The professionals at Maclean Oddy will continue to serve clients from their current locations under the existing leadership of Roy B. Oddy, chairman and chief executive officer. The organization’s areas of expertise include the oil and gas insurance sector, property and casualty, reinsurance and financial services.
Commenting on the transaction, Martin L. Vaughan, III, HRH’s chairman and chief executive officer, said, “Maclean Oddy’s reputation and caliber of services make it an ideal first major step in acquiring operations to build our excess and surplus lines capabilities. We are delighted that this highly-regarded organization chose HRH as its partner and welcome Roy and his staff to the growing HRH team.”
Topics Mergers & Acquisitions
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