Hilb Rogal & Hobbs Company said it has signed an agreement to acquire Zutz Associates Inc. of Wilmington, Del.
Terms of the deal were not released. Richmond, Va.-based insurance broker HRH said it expects to complete the acquisition by March 1.
Founded in 1940 by Harry David Zutz, the agency provides a wide range of insurance products and services, specializing in professional liability insurance for associations. The agency's 2005 gross revenues were approximately $11.3 million and premium volume exceeded $100 million, HRH said.
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