HILB Group Announces Acquistion Of Hockman Insurance Agency

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Jan 07, 2014, 08:34 ET

RICHMOND, Va., Jan. 7, 2014 /PRNewswire/ -- The Hilb Group, LLC ("THG") is pleased to announce the acquisition of Hockman Insurance Agency, Inc ("HIA") of Tampa, FL. The transaction was effective January 1^st, 2013. HIA will continue to operate at its current location under the leadership of Ron Hockman.

Founded in 1961, HIA has a long history of providing commercial and personal protection for business owners and residents of the greater Tampa area. Robert J Hilb, President and CEO of THG said, "Ron Hockman was one of the very first agency owners I met with when we were launching THG three years ago. Ron's high level of integrity and entrepreneurial spirit made him a natural fit with THG. We're delighted to complete this transaction, our first in the state of Florida, and we welcome Ron and his team to THG."

Ron Hockman, President of HIA added , "When it comes time to sell your agency, I've always believed finding the right people and culture are important. We are very excited to be a part of the Hilb Group team and look forward to expanding our services to our clients and prospects."

The Hilb Group was founded in 2009 by Robert H. Hilb, the former founder, CEO and Chairman of Hilb, Rogal and Hobbs (NYSE: HRH), and Robert J. Hilb, a former corporate VP of HRH. The Hilb Group seeks to grow through targeted acquisitions in the middle market insurance brokerage space. The company is headquartered in Richmond, VA with offices in Virginia, Georgia, Florida, North Carolina, Tennessee, Maryland and New York.