#United States #Kentucky #Richmond #Insurance #Hilb Group

Hilb Group Expands Its Reach in Kentucky

In a strategic move aimed at enhancing its market presence, the Hilb Group announced its acquisition of a multi-line insurance agency located in Kentucky, effective July 1, 2025. This expansion not only marks a significant milestone for the company but also broadens its operational footprint into the Midwest and Central regions of the United States.

Background of the Hilb Group

Founded and headquartered in Richmond, Virginia, the Hilb Group is a prominent property and casualty, as well as employee benefits brokerage and advisory firm. The company specializes in providing comprehensive insurance solutions and support to its clients. Operating as a portfolio company under The Carlyle Group, a leading global investment firm, Hilb Group has consistently pursued strategies for growth through targeted acquisitions and enhancing organic growth within their acquired agencies.

The company boasts an impressive record, having completed over 190 acquisitions and boasting more than 125 offices scattered across 32 states. Notably recognized by Business Insurance as one of the Fastest Growing Brokers, and by the Insurance Journal as a Top P/C Agency, the Hilb Group is also featured in the Inc. 5000 as one of America’s Fastest Growing Private Companies.

Strategic Acquisition Details

The newly acquired Kentucky-based agency aligns perfectly with Hilb Group’s vision for expansion and service diversification. This acquisition is part of the company’s broader strategy to leverage its existing resources and expertise to foster organic growth across its networks. The agency's local knowledge combined with the strategic resources of Hilb Group is expected to create a robust platform for growth in the region. This means enhanced support and a wider range of insurance products for clients, addressing their specific needs with tailored solutions.

Insights from Leadership
Peter Lobred, a representative from the Hilb Group, emphasized the strategic importance of this acquisition, stating, “We are excited to welcome this talented team in Kentucky into our family. Their experience in the local market combined with our resources will allow us to provide better services to our clients.” This sentiment was echoed by Ryan Havermann, who underscored the potential for collaborative growth and innovation coming from this partnership.

Looking Forward

With the acquisition of the Kentucky insurance agency, the Hilb Group is poised to capitalize on new opportunities while enhancing its service offerings to clients in Kentucky and beyond. The integration process will focus on harmonizing operations while maintaining the exceptional quality of service for which the Hilb Group is known. As they continue to grow their presence across the United States, clients can expect a wealth of resources that will empower their business insurance and employee benefits strategies.

Furthermore, prospective clients and employees interested in learning more about the Hilb Group’s growth trajectory and career opportunities are encouraged to visit their official website at HilbGroup.com.

In conclusion, the Hilb Group’s strategic acquisition in Kentucky represents a vital step towards increasing its market presence and reinforcing its commitment to delivering exceptional insurance services across key regions. As they move forward, the fusion of local expertise and corporate strength is anticipated to yield significant advantages for clients in Kentucky and throughout the Midwest.