Hub International Limited has acquired the assets of Laubacher Insurance Agency Inc., which services the California counties of Ventura, Santa Barbara and San Luis Obispo.
Terms of the deal were not disclosed. The agencies will become part of the California operations of Hub California. 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.
Laubacher is a full-service property/casualty, employee benefits and personal lines agency and brokerage with locations in Oxnard and Solvang. The firm’s focus is on farm and ranch insurance.
Chicago, Ill.-based Hub is a global insurance brokerage that provides property/casualty, life and health, employee benefits, investment and risk management products and services through offices located throughout North America.
Topics Mergers & Acquisitions California
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