Hilb, Rogal & Hobbs Co.
| Company type | Private |
|---|---|
| Industry | Insurance brokerage and risk management |
| Predecessor | Insurance Management Corporation (executives) |
| Founded | January 28, 1982 |
| Founder | Bob Hilb, Alvin Rogal, David Hamilton |
| Defunct | June 9, 2008 |
| Fate | Acquired by Willis Group Holdings |
| Successor | Willis Towers Watson |
| Headquarters | Not specified , United States |
Area served | United States (29 states), London, Russia, South Africa, Australia |
Key people | Not specified |
| Products | Insurance brokerage, risk management services |
Number of employees | Not specified |
| Parent | Willis Towers Watson (from 2008) |
Hilb, Rogal & Hobbs Co. was an American insurance brokerage and risk management enterprise established in 1982 by Bob Hilb, Alvin Rogal, and David Hamilton, who were formerly executives at Insurance Management Corporation. Initially called Hilb, Rogal, and Hamilton Corporation, the firm adopted the name Hilb, Rogal & Hobbs Corporation in 2003. Its network spanned more than 120 locations across 29 states in the U.S. and London, with further offices situated in Russia, South Africa, and Australia.
The company grew by acquiring upwards of 230 independent agencies, focusing on serving middle-market clients and delivering internal risk management solutions for prominent corporations. By 2007, it achieved revenues near $800 million. In 2008, British insurer Willis Towers Watson purchased the company for $2.1 billion, incorporating its operations into a worldwide insurance brokerage framework.
History
- On January 28, 1982, Bob Hilb, Alvin Rogal, and David Hamilton founded Hilb, Rogal & Hamilton Co.
- Poe & Brown, Inc. (currently Brown & Brown, Inc.) acquired the Daytona Beach and Fort Lauderdale branches in January 1999.
- As of May 12, 2002, Hilb, Rogal & Hamilton was ranked as the tenth largest insurance intermediary on a global scale.
- The organization rebranded to Hilb, Rogal & Hobbs Co. on September 8, 2003.
- In July 2007, it held the ninth position on Business Insurance’s ranking of the world’s largest brokerage firms.
- On June 9, 2008, Hilb Rogal & Hobbs agreed to a $2.1 billion acquisition proposal from Willis Group Holdings of the United Kingdom.
- The acquisition of Haack & Associates occurred in 2004 as part of Hilb Rogal & Hobbs’ expansion strategy.