Richmond, Va.-based Hilb Rogal & Hobbs Co. (HRH), the world’s 10th-largest insurance and risk management intermediary, announced today that it has signed a definitive merger agreement to acquire Bliss and Glennon Inc., one of the largest managing general agencies and wholesale brokers in California. Terms of the transaction, which is expected to be effective on Oct. 1, 2003, were not disclosed.
Headquartered in Redondo Beach, Calif., with three branch offices located throughout the state, Bliss and Glennon specializes in the distribution of excess and surplus lines insurance utilizing over 50 insurance markets and a network of over 2,000 independent retail agents and brokers. The company’s primary focus is providing general liability and special multi-peril commercial package policies.
Bliss and Glennon was founded in 1966 and generated over $13 million in revenues in 2002. The professionals at Bliss and Glennon will continue to serve clients from their current locations under the existing leadership of Robert P. Abramson, president and chief executive officer.
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