Hilb Rogal & Hobbs Company, an insurance and risk management intermediary, has completed the previously announced acquisition of Alexander, Brooks & Stevens Limited (ABS), a London-based reinsurance broker.
ABS provides reinsurance advice and service to a focused group of clients in England and other parts of Europe and the United States.
Martin Vaughan, III, HRH’s chairman and CEO, stated, “The acquisition of ABS, an active participant in the London, European and U.S. Market reinsurance business, represents a major shot in the arm for our reinsurance capabilities – a value segment targeted for expansion in our strategic plan. I am pleased to welcome ABS to the growing HRH team and look forward to growing this segment of our business.”
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