HRH Announces Asset Acquisition of IGB

Hilb Rogal & Hobbs Company, one of the world's largest insurance and risk management intermediaries, announced that it has acquired substantially all of the assets of Integrated Group Benefits (IGB). Terms of the transaction were not disclosed.

Published on January 9, 2008

Founded in 2002 by Rod S. Trump, Baltimore-based IGB is an employee benefits brokerage and consulting firm specializing in group health, life and disability insurance, and in coordinating progressive employee benefit solutions with the overall business objectives of their clients. With over $1.2 million in annual revenue, IGB serves more than 100 local, regional and national firms of all sizes. IGB will merge into HRH’s existing Baltimore location, joining HRH’s Mid-Atlantic Region under the leadership of Vice President and Mid-Atlantic Regional Director, Steven C. Deal.

HRH Chairman and Chief Executive Officer Martin L. (Mell) Vaughan, III, commented, “Over the past several years, HRH has grown its employee benefits offerings and expertise in the Baltimore marketplace. With the youthful charisma and enthusiasm of IGB’s president and staff, we expect to incorporate many new ideas and contacts into our Baltimore branch and the Mid-Atlantic Region. IGB’s fresh perspective on employee benefits programs and their attention to client service excellence are two of the ways in which IGB will be a good strategic fit with HRH. We look forward to welcoming Rod and his professionals into our Baltimore office.”

IGB’s President, Rod Trump, commented, “HRH's well-established reputation and international presence will provide significant marketplace advantages. As a result of this partnership, we are well-positioned to meet the ever-changing demands within our industry and provide the best of both worlds to our valued existing and prospective clients. Our clients will continue to receive the personalized service and expertise they expect from the professionals they trust, and they will benefit from the tremendous resources, services and additional product offerings of the eighth largest insurance and risk management intermediary in the U.S.”

Hilb Rogal & Hobbs Company (HRH) is the eighth largest insurance and risk management intermediary in the United States, with over 140 offices throughout the United States and the world. 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.