Richmond, Virginia-based insurance brokerage The Hilb Group (THG) has snapped up Star Insurance Agency, a full-service agency headquartered in Indiana.

The value of the deal, which took effect on 1 March 2021, was not disclosed.

Commenting on the newly acquired business, THG CEO Ricky Spiro said: “The firm has long-standing client relationships and a wonderful reputation in the marketplace.”

The Star Insurance team, including Leslee Robinson and Billy Davenport, will now move to THG of Indiana.

Star Insurance provides personal and commercial insurance services. These include P&C as well as employee benefits.

Similarly, THG, which is a portfolio company of investment firm The Carlyle Group, offers property and casualty and employee benefits insurance brokerage services.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Davenport noted: “THG offers a unique opportunity to bring more robust services to our clients. We are excited to grow our business with the resources the THG brings to the agency.”

THG eyes growth through strategic acquisitions and the latest deal continues this growth trajectory.

In February this year, the firm bought Florida-based Regency Insurance Group (RIG). RIG is a property and casualty agency focused on serving households throughout Florida. It offers home, auto, flood, as well as watercraft insurance.

Last year, THG acquired New York-based BR Vital Brokerage (BRV).

BRV is an independent brokerage that offers property and casualty insurance. It specialises in providing liability coverage to medical professionals.

The firm has closed over 100 acquisitions till now. At present, it has more than 100 offices across 20 states.