Hub International Enhances Commercial Insurance Reach through Acquisition of Great Basin Insurance in Oregon

Hub International Expands Its Commercial Insurance Footprint

In a significant move to broaden its capabilities in the commercial insurance sector, Hub International Limited has recently acquired Great Basin Insurance, Inc., a well-established firm operating in Oregon. The acquisition, announced on December 17, 2024, is part of Hub’s ongoing strategy to enhance its geographic presence and deepen its expertise across various industries.

A Legacy of Service

Great Basin Insurance has been a trusted provider of commercial insurance for nearly a century, with locations in Klamath Falls and Springfield. The company has specialized in servicing the agribusiness sector, which aligns perfectly with Hub's focus on specialty practices. By integrating Great Basin Insurance into its operations, Hub can leverage their longstanding relationships and expertise within the agribusiness realm, enriching its portfolio of services.

The terms of the acquisition have not been disclosed, but this strategic partnership signifies Hub's commitment to serving its clients with tailored solutions that address the evolving challenges of the insurance market.

Strengthening Local Presence

As part of the transaction, agency partners Dana Loreman and Bill Gilmore Jr., alongside their dedicated team, will transition into Hub Northwest. This alignment not only preserves the local leadership and expertise but also enhances Hub's capabilities within Oregon through localized service that clients have come to rely on.

Hub International is known for its vast network of specialists who bring extensive knowledge to the insurance landscape. The addition of Great Basin Insurance will further this depth, allowing Hub to respond more effectively to the needs of businesses in Oregon and beyond.

Hub’s Growth Strategy

Hub International is on a path of strategic growth, focusing not only on acquisitions like Great Basin Insurance but also on organic development. This dual approach enables the company to expand its geographic reach and reinforce its industry knowledge. With over 18,000 employees spread across North America, Hub is well-positioned to offer robust risk management, insurance, employee benefits, retirement, and wealth management solutions.

The integration of Great Basin into Hub’s operations exemplifies a proactive approach to adapting to market demands, enhancing customer advocacy, and maintaining a strong presence in the competitive landscape of commercial insurance.

Looking Ahead

As the insurance industry faces rapid changes, driven by technological advancements and changing regulatory environments, Hub International's acquisition of Great Basin Insurance will likely play a critical role in its strategy to remain at the forefront of the market.

For businesses in Oregon and the agribusiness sector, this acquisition means greater access to specialized insurance products and an enhanced service experience. Clients can expect a continuation of quality support while benefiting from Hub's broader offerings and resources.

In conclusion, this acquisition not only solidifies Hub International's standing in Oregon but also empowers it to offer more comprehensive solutions tailored to the unique needs of its clients in the commercial insurance space. The future appears promising as Hub continues to innovate and expand, preparing to tackle tomorrow's challenges with confidence.