The Hilb Group expands in Texas with key acquisition

The Hilb Group expands in Texas with key acquisition | Insurance Business America

Insurance News

The Hilb Group expands in Texas with key acquisition

The company has completed more than 170 M&A deals to date

Insurance News

By
Kenneth Araullo

Property-casualty and employee benefits brokerage The Hilb Group announced its acquisition of a Texas-based property and casualty insurance agency, further expanding its presence in the Central region. The acquisition was finalized on Aug. 1.

The Hilb Group, headquartered in Richmond, Va., is a portfolio entity of The Carlyle Group, a global investment firm.

The Hilb Group focuses on growth through strategic acquisitions and the use of its resources to drive organic growth within the agencies it acquires. To date, the company has completed more than 175 acquisitions, establishing over 125 offices across 29 states.

In April, The Hilb Group expanded its employee benefits division in the Midwest by acquiring a book of business in Illinois. The financial terms of this transaction were not disclosed, and the acquisition took effect at the beginning of that month.

Earlier in the year, the brokerage also increased its Southeast operations by acquiring a worksite and voluntary benefits business in Georgia.

This acquisition, which was finalized on Feb. 1, aligns with The Hilb Group’s strategy to broaden its service offerings and geographic reach within the region.

In January, The Hilb Group also announced the appointment of Amanda Harm as vice president of carrier relations and insurance strategy.

In that role, Harm focuses on expanding opportunities for the company’s clients and new agency partners. She will report to Jason Angus, chief operating officer of the Hilb Group.