The Hilb Group (THG), a US-based insurance company, has acquired Florida-based Regency Insurance Group (RIG).
The financial terms of the deal, which became effective since 1 February, were not disclosed.
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RIG is a property and casualty agency focused on serving households throughout Florida. It offers home, auto, flood, and watercraft insurance.
Its domain lies in providing personal insurance coverage.
RIG agency leaders Kagen Cooksley and Kevin Koelemeyer will continue to lead RIG’s associates in the existing office location.
THG CEO Ricky Spiro said: “RIG is a fantastic fit for our Florida operations.
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By GlobalData“Their expertise in personal insurance is a welcomed addition. We look forward to working with Kagen, Kevin and their dedicated associates at RIG.”
Cooksley said: “We believe this presents an opportunity to further improve and expand the quality service and insurance solutions we provide our clients.”
Koelemeyer added: “We look forward to a mutually and highly beneficial partnership with THG.”
THG aims to grow through targeted acquisitions in the middle market insurance brokerage space.
The company has over 90 offices in 20 US states.
Last month, THG acquired Massachusetts-based Group Brokerage Insurance Agency (GBIA) for an undisclosed amount.
In the same month, THG has acquired BR Vital Brokerage firm for an undisclosed amount.
In January last year, THG has acquired Aloisio Insurance to boost New England presence.
In May 2018, THG has acquired New York–based Bentson Insurance for an undisclosed amount.
