Search
 

HRH Sees 4Q Profit Rise 27% Despite Challenges

Hilb, Rogal & Hobbs Company reported fourth-quarter net income rose 27 percent despite a challenging year in which it abandoned volume-based contingent commissions and agreed to set up a $30 million i

By Mark E. Ruquet | Updated on February 23, 2006

Hilb, Rogal & Hobbs Company reported fourth-quarter net income rose 27 percent despite a challenging year in which it abandoned volume-based contingent commissions and agreed to set up a $30 million injured client reimbursement fund.

Martin L. “Mell” Vaughan III, chairman and chief executive officer for the Richmond, Va.-based insurance brokerage firm, said the results were “not as robust as we had planned.”

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.