Hub expands West Coast operations with two acquisitionsReprints
Hub International Ltd. has made two acquisitions that will expand the Chicago-based broker’s footprint on the West Coast.
Hub on Thursday said it has acquired the book of business of Newport Beach, California-based Jamie Campbell Younger. Terms of the deal were not disclosed, and a spokeswoman declined to provide specifics.
Mr. Younger specializes in property/casualty and surety bond insurance solutions for the construction, renewable energy and transportation industries, Hub said in a statement. He will join Hub California’s Newport Beach office as senior vice president, reporting to Peter Duncan, executive vice president of Hub California, according to the statement.
Additionally, Hub on Wednesday said it has acquired Santa Barbara, California-based Riviera Insurance Services L.L.C. Terms of the deal were not disclosed, and the Hub spokeswoman declined to comment on Riviera’s size.
Hub said in a statement that Riviera specializes in property/casualty insurance solutions and employee benefits. Riviera President Chris Hill and Steve Woodward, its executive vice president, will join Hub California and report to Darren Caesar, senior executive vice president of Hub California, according to the statement.
Hub “is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise,” the broker said Wednesday in a statement.
Hub is the eighth-largest insurance brokerage worldwide, according to Business Insurance’s latest ranking.