Hilb Rogal & Hobbs Company (HRH) announced that it acquired the operating assets of Global Special Risks LLC, effective May 1, 2007. The terms of the transaction were not disclosed.
Global Special Risks (GSR), an excess and surplus lines wholesale broker and managing general agency specializing in the energy and non-marine property fields, was founded in 1979 and has offices in Houston and New Orleans.
Originally created as a London market cover holder concentrating on marine and energy placements, the company has developed unique product offerings, and multiple niche products with the London and North American markets.
With annualized revenue in excess of $8 million in 2006, GSR employs a sales and support staff of 26 professionals from its two locations. The GSR team will continue serving clients from their current locations.
Source: Hilb Rogal & Hobbs Company, www.hrh.com.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
FTC, States Allege Toast Software Burns Restaurants and Consumers 
AIG Steps Back from NPW Growth Target on Pressure in Some Lines 
Florida Appeals Court Bars Release of ‘Trade Secret’ Info in Heritage Claims Litigation 
When the Meter Says Wet but the Ceiling Is Dry: A Guide for Adjusters and Inspectors 
