Hilb Rogal & Hobbs Co. of Richmond, Virginia, has acquired the property/casualty insurance agency Brown/Raynor Corp. of Colorado. Terms of the transaction, which closed on July 31, 2007, were not disclosed.
Founded in 1985 by George “Hank” Brown and Walt Raynor, Colorado-based Brown/Raynor reported $4.5 million in revenue in 2006. Brown/Raynor specializes in coverage for home builders.
Brown/Raynor’s staff of 29 professionals will continue to serve clients from their existing office in Greenwood Village, Colorado, joining HRH’s West Region under the leadership of Vice President and West Region Director William F. Creedon.
Source: Hilb Rogal & Hobbs Co.
www.hrh.com
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Viewpoint: Insurance Broker Valuations – The Elephant in the Room 
Chubb: Cyber Claim Severity Nearly Doubled for Large Businesses 
Axios Software Tool Used by Millions Compromised in Hack 
Meta Loses Insurance for Defense in Major Social Media Addiction Litigation 
