Hilb Rogal & Hobbs Completes Two More Buyouts

September 2, 2004

Richmond-Va.-based Hilb Rogal & Hobbs Company (NYSE:HRH), the world’s eighth largest insurance and risk management intermediary, has completed the previously announced acquisition of T.J. Adams Group, LLC of Chicago and announced the acquisition of all of the stock of Frank F. Haack & Associates, Inc., a Wisconsin-based insurance brokerage and employee benefits consulting operation with revenues of more than $22 million in 2003.

HRH has now completed six transactions totaling more than $57 million in 2004.

Haack will continue serving clients from offices in Milwaukee and Green Bay under the existing leadership of Chairman and Chief Executive Officer William R. Haack and President and Chief Operating Officer James R. Mueller. Haack will become part of HRH’s Midwest region under the direction of HRH Vice President, Midwest Regional Director John P. McGrath. Haack’s sister company, Zywave, was not part of the transaction and will continue to operate as an independent company.

T.J. Adams is Chicago’s seventh largest independent insurance broker and has been providing a broad range of insurance and risk management products and services to clients for almost 40 years. T.J. Adams staff and leadership will remain in place and continue to serve clients from their Lombard and Palatine, Illinois offices.

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