We are pleased to forward the following press release announcing the acquisition of Oxford Coverage by Hub International. Oxford is one of the leading private retail insurance agency specializing in the nursing home and assisted living industry. TAG Financial represented Oxford in the transaction further solidifying our position as one of the leading investment banks serving the insurance agency and broker marketplace.
Hub International Acquires New York-Based Oxford Coverage
Chicago, October 12, 2015 — Hub International Limited (Hub), a leading global insurance brokerage, announced today that is has acquired the operations of Oxford Coverage (Oxford). Terms of the acquisition were not disclosed.
Based in Brooklyn, New York, Oxford specializes in providing commercial lines insurance solutions for the nursing home and assisted living industry.
“We are excited to join forces with HUB, who is very well known in the healthcare industry for providing top notch insurance and risk management programs to senior living facilities throughout the Northeast and nationwide,” said Joseph Schwartz, President of Oxford. “Now as part of a top 10 global brokerage firm with full service capabilities, we will be able to offer our existing clients with more robust coverage options, access to additional markets, and many value added services.”
“The Oxford team will be a great addition to Hub Northeast given their extensive knowledge of the commercial insurance market for nursing homes, assisted living facilities and beyond,” said Marc I. Cohen, President, US East, Hub International Limited, President & CEO, Hub International Northeast. “We are pleased to welcome Joseph and the entire Oxford team to our organization, as well as their customers, who we look forward to serving as we continue to grow our healthcare offerings globally.”
About Hub’s M&A Activities
Hub International Limited is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise. For more information on the Hub M&A experience, visit WeAreHub.com.
About Hub International
Headquartered in Chicago, IL, Hub International Limited is a leading global insurance brokerage that provides property and casualty, life and health, employee benefits, investment and risk management products and services from offices located throughout North America. For more information, please visit hubinternational.com.
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