Hilb Group announces expansion
Hilb Group announces expansion | Insurance Business America
Insurance News
Hilb Group announces expansion
Latest M&A deal effective October
Insurance News
By
Terry Gangcuangco
The Hilb Group has snapped up a property & casualty insurance business in Alabama for an undisclosed sum.
Without naming the acquired firm or providing further details, Hilb Group said: “The acquisition took effect October 1, 2024, and adds to the company’s growing presence in the region.”
The latest deal comes on the heels of a previous transaction featuring a Rhode Island-based Medicare book of business, which will be serviced through the insurance brokerage’s broader Medicare national practice.
Also recently, Hilb Group purchased a worksite enrollment business in Colorado to boost its presence in the Midwest, with the state a new addition to the group’s portfolio.
Last month, the company also announced its swoop for a New England-based property & casualty book of business.
All acquired parties in the abovementioned deals were not named.
A portfolio company of The Carlyle Group, Hilb Group is headquartered in Richmond, Virginia. It has completed more than 180 acquisitions with over 125 offices in 30 states.
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