The Hilb Group, a Glen Allen, Veterans administration.-based holding company that concentrates on obtaining mid-market agencies, has bought Venture Niche Insurance. The Richmond, Veterans administration.-based Venture Niche is a brand-lines agency with two niche items offering coverage for transportation and cosmetic surgical procedures.
Venture Specialty’s founder and leader, Jason Angus, will remain on at his agency and still function as leader. He'll also assume the brand new role of chief marketing officer in the Hilb Group underneath the the transaction.
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“We really are a holding company having a concentrate on obtaining mid-market agencies. This will be our 4th transaction,” The Hilb Group Boss Robert J. Hilb told Insurance Journal. “We want to utilize mid-market agencies where proprietors wish to remain on and allow us to grow. We're searching for all-lines agencies with strong niches. We're very centered on property/casualty.”
The Hilb Group looks to get agencies which have between $a million and $tens of millions of in revenues.
The Hilb Group was founded last year by Robert J. Hilb, an old corporate v . p . of Hilb Rogal &lifier Hobbs, and the father, Robert H. Hilb, co-founder and former Boss and chairman of Hilb Rogal &lifier Hobbs. (Hilb Rogal &lifier Hobbs was acquired by Willis Group for $2.1 billion in 2008.)
With headquarters in Glen Allen, Veterans administration., The Hilb Group has additional offices in Simsbury, Conn., Bay Shoreline, N.Y., Rochester, N.Y., and Westchester County, N.Y. It presently has 40 employees.
