The Hilb Group expands into Colorado with new acquisition
The Hilb Group expands into Colorado with new acquisition | Insurance Business America
Insurance News
The Hilb Group expands into Colorado with new acquisition
Company adds a worksite enrollment business to its Midwest footprint
Insurance News
By
Kenneth Araullo
The Hilb Group announced its acquisition of a Colorado-based worksite enrollment business, effective Sept. 1. This move expands the company’s footprint into Colorado, adding to its growing presence in the Midwest.
Headquartered in Richmond, Va., The Hilb Group is a property and casualty and employee benefits insurance brokerage and advisory firm. The firm is a portfolio company of The Carlyle Group, a global investment firm.
To date, the company has completed more than 180 acquisitions and operates out of over 125 offices across 30 states.
Other acquisitions for Hilb Group
In August, the company also 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.
In April, the Hilb Group expanded its employee benefits presence in the Midwest region via an acquisition.
In its announcement, the Virginia-headquartered property-casualty and employee benefits insurance brokerage and advisory firm said it acquired an employee benefits book of business in Illinois. The transaction, financial terms of which were not disclosed, took effect at the start of the month.
Earlier this year, the company also expanded its operations in the Southeast by acquiring a worksite and voluntary benefits business located in Georgia.
The acquisition, which became effective on Feb. 1, signifies the Hilb Group’s ongoing strategy to enhance its service offerings and geographical footprint within the region.
In January, The Hilb Group also announced the appointment of Amanda Harm as vice president of carrier relations and insurance strategy.
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