Otter Insurance Agency, Inc.

Founded in 1969, and based in Washington, US, Otter Insurance Agency, Inc. operates as an independent insurance agency providing insurance solutions to its customers. It has built its presence in the insurance market across Washington State, serving clients in areas such as Lynnwood, Snohomish County, and King County. The agency has not undergone any significant business pivots or changes and does not have known subsidiaries.

The agency has engaged in one deal, with the most recent transaction occurring on December 11, 2024. In December 2024, Hub International Limited, a portfolio company of Hellman & Friedman, Leonard Green & Partners, Northleaf Capital Partners, and Altas Partners, acquired Otter Insurance Agency, Inc. Patrick Otter is the owner of the firm. Otter Insurance Agency, Inc.

provides a comprehensive range of insurance products, focusing primarily on auto, home, business, and construction coverage. As an independent agency, it offers clients the ability to compare policies from several trusted insurance carriers, ensuring that customers receive optimal coverage tailored to their individual needs. Its client base consists of residents and businesses in Lynnwood, Snohomish County, King County, and beyond. The end users of these services include individuals looking for personal insurance policies, families seeking home protection, and businesses requiring comprehensive coverage to mitigate risks in their operations.

  Otter Insurance Agency, Inc. generates revenue through commissions earned on the policies it sells on behalf of various insurance carriers. The agency engages directly with clients, providing personalized consulting services to help them navigate their insurance options and secure the best pricing available. Transactions typically occur on a commission basis, where the agency receives a percentage of the premium from the insurance carriers for each policy sold.

In December 2024, Otter Insurance Agency, Inc. was acquired by Hub International Limited, a portfolio company of Hellman & Friedman, Leonard Green & Partners, Northleaf Capital Partners, and Altas Partners. The acquisition is expected to enhance Hub International Limited's commercial and personal insurance services while expanding its presence in Washington, US. Future growth strategies include enhancing the suite of insurance products offered and potentially targeting further market expansion in the Pacific Northwest.