Brown & Brown snaps up Hillco Insurance assets
Brown & Brown snaps up Hillco Insurance assets | Insurance Business America
Insurance News
Brown & Brown snaps up Hillco Insurance assets
Founder to remain at the helm
Insurance News
By
Terry Gangcuangco
Brown & Brown has acquired the assets of Dallas-based Hillco Insurance.
Under the deal, financial terms of which were not disclosed, Hillco founder Hunter Hill will remain at the helm of the business. He will report to Erik Templin, who leads Brown & Brown in Dallas.
“The Hillco team has always been confident in our ability to identify our customers’ insurance needs and design solutions to help address them,” Hill noted.
“Now, we will be able to leverage the resources and collective knowledge of Erik, Lauren, and Dallas Brown & Brown teammates to supercharge those solutions. The future is bright for all of us at Hillco as we join the Brown & Brown team.”
The assets swoop comes on the heels of Bridge Specialty Insurance Brokerage (BSIB) opening an office in Dallas. BSIB is part of Brown & Brown’s wholesale insurance platform Bridge Specialty Group.
Meanwhile retail senior vice president John Esposito commented: “We are very excited for the Hillco team to join our Dallas office. The capabilities and focus that the Hillco producers have in high-net-worth personal lines and commercial insurance solutions are a great addition to the Brown & Brown Dallas team.
“We are confident that we will collectively create new opportunities and options to service the needs of current and future customers of the Hillco team.”
Trading since 1939, Brown & Brown is manned by more than 16,000 colleagues in over 500 locations globally.
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