#United States #Richmond #Insurance Brokerage #Hilb Group #Maine Acquisition

Hilb Group Strengthens Its Presence in New England

In a significant move, the Hilb Group, a prominent insurance brokerage firm based in Richmond, Virginia, has expanded its operations by acquiring a property and casualty business in Maine. This acquisition, which officially took effect on April 1, 2025, is part of Hilb Group’s strategy to broaden its insurance offerings across the New England region.

With this latest acquisition, the Hilb Group not only adds Maine to its portfolio but also continues to build upon its already growing presence in New England. This strategic expansion aligns with Hilb’s mission of providing comprehensive insurance solutions and services to meet the evolving needs of clients in the region.

The Vision Behind the Acquisition

The Hilb Group is known for its commitment to growth through strategic acquisitions and enhancing its service delivery model. By acquiring the Maine-based property and casualty business, the firm aims to leverage the local expertise and resources that come with it, thereby enhancing its capabilities in offering quality insurance products and services to its customers.

Founded in 2015, Hilb Group has quickly become a notable player in the insurance brokerage market, achieving major milestones such as being recognized as one of the fastest-growing brokers by Business Insurance and earning a place on the Inc. 5000 list of America’s Fastest Growing Private Companies. Their approach not only focuses on acquisitions but also emphasizes fostering organic growth in their existing agencies, ensuring sustained success and service quality.

An Overview of Hilb Group

Hilb Group serves as a subsidiary of The Carlyle Group, which is a global investment firm. This backing provides Hilb with the necessary resources to expand its operations and continuously improve its service delivery. With over 180 acquisitions under its belt and more than 125 offices spanning across 31 states, Hilb is well-positioned for stability and sustained growth in the competitive insurance industry.

The recent acquisition goal is to enhance customer relationships, broadening the range of services that can be provided to clients, including personal lines, commercial property, and casualty insurance. The firm aims to create a more cohesive customer experience, addressing client needs more effectively.

Future Prospects

Looking ahead, the Hilb Group is not resting on its laurels. The leadership team is dedicated to further expansion, seeking opportunities to grow in markets that align with their strategic vision. By continually adapting to market trends and client needs, Hilb aims to fortify its position as a leading insurance brokerage firm across regions.

In conclusion, as the Hilb Group broadens its reach into Maine, it signifies a commitment to not only expanding its geographical presence but also enhancing the quality of service and customer satisfaction. Clients can expect a more robust set of offerings and personalized service as Hilb Group integrates its new acquisition into its operations. For more information and details about Hilb Group’s services and opportunities, visit Hilb Group's Website.