CHICAGO — Hub International Limited (Hub), a leading full-service global insurance brokerage and financial services firm, announced today that it has acquired the assets of Otter Insurance Agency, Inc. (Otter Insurance Agency). Terms of the transaction were not disclosed.
Headquartered in Lynnwood, Washington, Otter Insurance Agency is an independently owned and locally operated insurance agency providing commercial, auto, home insurance for over 55 years.
“We are excited to partner with Pat and the Otter Insurance team to further expand our client offerings in Western Washington,” said Eric Schack, President of Hub Northwest.
Patrick (Pat) Otter, President, and the Otter Insurance Agency team will join HUB Northwest. Otter Insurance Agency will be referred to as Otter Insurance Agency, a Hub International company.
Clear Lake Consulting served as financial advisor to Otter Insurance Agency.
SOURCE Hub International Limited
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