The Hilb Group (THG) has acquired BAR Insurance coverage Brokerage in Needham, MA.
BAR Insurance coverage Brokerage is an worker advantages agency that gives a collection of group advantages services. As a part of the acquisition, BAR will be part of THG’s New England operations. BAR president Rick Raisman will even be part of THG’s group, serving to the insurance coverage brokerage develop its advantages division within the area.
“Our clients are our prime precedence,” mentioned Raisman in a press release. “By becoming a member of THG, they may obtain the identical diploma of customer support that they’ve come to count on, plus the extra capabilities and experience out there via THG.”
“The expertise and market relationships that Rick and his firm carry to THG will proceed to gas the expansion of our present advantages division within the New England area,” commented THG CEO Ricky Spiro. “We’re thrilled to welcome BAR to our increasing group.”
At current, THG has 58 workplaces throughout 17 states. The brokerage agency, based in 2009, “seeks to develop via focused acquisitions within the center market insurance coverage brokerage area,” a launch mentioned.
That is THG’s second acquisition for 2018 – in Could, the corporate purchased Bentson Insurance coverage Group in New York.
Final yr, THG was on an acquisition streak, buying 13 corporations.
The Hilb Group continues acquisition streak
The Hilb Group expands its presence in Massachusetts with acquisition
Supply hyperlink – https://www.insurancebusinessmag.com/us/information/breaking-news/the-hilb-group-picks-up-mabased-employee-benefits-firm-103771.aspx