Insurance coverage brokerage Brown & Brown has expanded its presence within the Texas market with the acquisition of Hillco Insurance coverage’s property.
Monetary phrases of the deal weren’t disclosed.
Hillco, established within the Dallas metropolitan space by Hunter Hill, is a private and business traces insurance coverage supplier.
Its product portfolio consists of insurance coverage for collectibles, business property, development, householders, renters and several other kind of automobiles, amongst others.
The Hillco staff will now function underneath the Brown & Brown workplace in Dallas, with Hill retaining management of the staff and reporting to Brown & Brown Dallas operations head Erik Templin.
Brown & Brown senior vice-president of retail section John Esposito stated: “We’re very excited for the Hillco staff to hitch our Dallas workplace. The capabilities and focus that the Hillco producers have in high-net price private traces and business insurance coverage options are a terrific addition to the Brown & Brown Dallas staff.
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“We’re assured that we’ll collectively create new alternatives and choices to service the wants of present and future clients of the Hillco staff.”
Hill added: “The Hillco staff has all the time been assured in our capability to determine our buyer’s insurance coverage wants and design options to assist deal with them.
“Now, we will leverage the sources and collective information of Erik, Lauren and Dallas Brown & Brown teammates to supercharge these options. The long run is shiny for all of us at Hillco as we be a part of the Brown & Brown staff.”
Brown & Brown has been actively increasing its operations, with Brown & Brown Europe not too long ago rising its UK footprint.
Final month, the corporate’s European unit acquired Stewart & Companions, additional establishing its place within the UK market.
Moreover, in December 2023, Brown & Brown Europe took over R McGee Insurance coverage Brokers, a family-run brokerage primarily based in Maesteg, Glamorgan, South Wales.
R McGee, established in 1974, presents unbiased recommendation and insurance coverage options to each people and companies throughout the area.
