RICHMOND, Va.- LAWFUEL – Press Release Service -Aug. 2, 2006–Hilb Rogal & Hobbs Company (NYSE: HRH), the world’s tenth largest insurance and risk management intermediary, announced that effective today it has completed the previously announced acquisition of Chicago-based Thilman & Filippini, L.L.C. (Thilman Filippini), one of the nation’s top 100 insurance intermediaries.
Thilman Filippini provides a wide range of property and casualty and employee benefits insurance products and services to a broad spectrum of industries, including construction, healthcare, energy, and professional sports teams. With revenues of approximately $24 million in 2005, the Thilman Filippini team of over 130 professionals will continue to serve clients from its downtown Chicago office under the leadership of its existing partners. They will become part of HRH’s Midwest Region, led by HRH Vice President and Midwest Regional Director John P. (Jack) McGrath.
HRH Chairman and Chief Executive Officer Martin L. (Mell) Vaughan, III, said, “When searching for merger partners, we pursue companies with an established degree of talent and expertise, as well as companies that will help our organization to further expand our national presence. With the addition of Thilman Filippini, I am happy to say that we achieved both objectives – they are a firm that has accomplished a great deal of success with their talented resources, and our combined presence in Chicago now makes us one of the four largest insurance and risk management intermediaries there.”
HRH’s President, F. Michael (Mike) Crowley, commented, “Creating teams of talented professionals for the benefit of our customers has been the cornerstone of the HRH strategy, and the Thilman Filippini / HRH combination is a perfect example of that strategy in action as we continue to build the best insurance and risk management intermediary in the industry. It is evident that the addition of Thilman Filippini will not only benefit the associates of both organizations, but more importantly our clients and prospects.”
Hilb Rogal & Hobbs Company is the eighth largest insurance intermediary in the United States, with over 120 offices throughout the United States and London. HRH helps clients manage their risks in property and casualty, employee benefits, professional liability and other areas of specialized exposure. In addition, HRH offers a full range of personal and corporate financial products and services. HRH is focused on understanding our clients’ businesses, employees and risks, as well as the insurance and financial markets, so that we can develop insurance, risk management and employee benefits solutions that best fit their needs. The company’s common stock is traded on the New York Stock Exchange, symbol HRH. More information about HRH may be found at www.hrh.com.
