NU Online News Service, July 15, 2:36 p.m. EDT
The announcement of two acquisitions this week by The Hilb Group marks the entrance of a new insurance brokerage firm by the founder of Hilb, Rogal and Hobbs, which intends to become a force in the middle market brokerage arena through specialization.
The Glen Allen, Va.--based Hilb Group earlier this week said it acquired the business of Joseph Caruso who operates in Charlotte, N.C., and New York in June and J.J. Jerome Associates/EAI of Bay Shore, N.Y., earlier this month.
The acquisitions, said Robert J. Hilb, president and chief executive officer of the Hilb Group, and a former corporate vice president of HRH--which was acquired by Willis Group in 2008--marks the kick-off of the new venture.
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