Hilb, Rogal and Hamilton Co. announced the signing of a definitive agreement to purchase all of the outstanding stock of Insurance One, Inc., a full-service insurance agency in Rockville, Maryland. The transaction is expected to be effective on October 1, 2000. Terms of the transaction were not disclosed.
As a Washington Metropolitan area agency, Insurance One offers property, casualty, life and health insurance, bonding, corporate risk funding and consulting programs. Insurance One was formed in 1986 as a merger of the operations of three family agencies and has been under the leadership of Richard M. Young since its inception. Young will join HRH as the president of this subsidiary and will operate the agency under the direction of Steven C. Deal, HRH’s Mid-Atlantic Regional Director.
Topics Mergers & Acquisitions
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