Richmond, Va.-based brokerage giant Hilb Rogal & Hobbs Co. announced that it has completed the previously announced acquisition of the operating assets of Insurance Services Inc., a Wisconsin insurance broker with 2003 revenues of about $6.8 million.
With completion of the Insurance Services transaction, HRH has acquired more than $63 million in annualized revenues in seven transactions in 2004, exceeding its goal for the year of acquiring $30 million to $60 million in annualized revenues.
Founded in 1868, Insurance Services employs 50 professionals, providing risk management, commercial property/casualty insurance and employee benefits products to clients from its Appleton, Wis., headquarters. President Kelly P. Kornely will continue to manage Insurance Services and report to John P. McGrath, HRH vice president and Midwest regional director.
Was this article valuable?
Here are more articles you may enjoy.
Magnum Says Ben & Jerry’s Chair Fostered Toxic Culture 
New York Law Confirms Insurer Liability for Bad Faith Includes Third-Party Claims 
What If Employer’s Secret Identity Causes Workers’ Comp Claim to Be Filed Late? 
US Data Centers Set to Burn More Natural Gas Than Most Nations 
