#United States #Richmond #Rhode Island #Hilb Group #Property and Casualty

Hilb Group Expands Its New England Presence

In a significant move to bolster its foothold in New England, Hilb Group recently announced the acquisition of a Rhode Island-based property and casualty business focusing primarily on personal lines. The acquisition officially took effect on November 1, 2025, and represents Hilb Group's ongoing efforts to expand its portfolio in the region, which is a crucial market for the company's continued growth.

Overview of Hilb Group

Hilb Group is recognized as a leading player in the property and casualty, as well as employee benefits insurance sectors. With its headquarters located in Richmond, Virginia, the firm has worked diligently to establish itself as a trusted insurance brokerage and advisory firm. Its growth strategy is anchored in acquiring relevant businesses, enhancing its service offerings, and maximizing operational efficiencies.

Founded under the auspices of The Carlyle Group—a global investment firm—Hilb Group has consistently pursued development through strategic acquisitions, leveraging its extensive resources and industry expertise. This approach has led to the company successfully completing over 190 acquisitions, expanding its reach to more than 125 offices across 32 states, which underscores its ambition to be a leading name in the insurance brokerage industry.

The Importance of the Rhode Island Acquisition

The acquisition of the Rhode Island business is not merely a transactional achievement; it is a strategic initiative aimed at firmly establishing Hilb Group's presence in a market that is becoming increasingly competitive. Personal lines insurance, which includes coverage for personal property, liability, and loss, is an area that offers considerable growth opportunities for insurance brokers. By integrating this Rhode Island-based business into its operations, Hilb Group is poised to tap into new customer segments and provide enhanced services to existing clients.

Moreover, the merger signifies the company's commitment to advancing the insurance landscape in New England. With this acquisition, Hilb Group aims to deliver innovative insurance solutions tailored to meet the specific needs of the local clientele.

Recognition and Future Outlook

Hilb Group's commitment to growth has not gone unnoticed; the company has earned accolades as one of the Fastest Growing Brokers by Business Insurance and ranks among the Top Property & Casualty Agencies by Insurance Journal. Additionally, it has been recognized as one of America’s Fastest Growing Private Companies in the prestigious Inc. 5000 list. This trajectory of growth is indicative of the company’s robust business model and its ability to adapt to a rapidly evolving market.

Looking ahead, Hilb Group is focused on continuing its path of strategic growth, not only by acquiring additional businesses but also by optimizing its existing operations. The firm is dedicated to leveraging its experiences and successes to cultivate organic growth through integrated services and expert advice, ensuring they meet the evolving demands of clients in the insurance space.

As Hilb Group continues to expand and adapt, they invite those interested in career opportunities within the insurance industry to learn more by visiting their website at hilbgroup.com. The recent acquisition serves as a reaffirmation of their mission to provide unparalleled insurance solutions while fostering significant growth in the New England territory.

Conclusion

The acquisition of the Rhode Island property and casualty business marks another milestone in Hilb Group’s journey of expansion. As they advance their efforts in New England, the company remains focused on innovation and customer service, reinforcing its position within the competitive insurance landscape nationwide.