US-based insurance coverage brokerage and advisory companies supplier Hilb Group has introduced the acquisition of E/G of Florida for an undisclosed sum.
The acquisition, which got here into impact on 1 January 2023, is aimed toward increasing Hilb’s presence within the Southeast area.
Situated in Fort Lauderdale, E/G of Florida additionally has places of work in Delray and Port Saint Lucie.
Arrange 25 years in the past, E/G of Florida is an impartial insurance coverage company, which specialises in providing insurance coverage for condominium associations, giant industrial properties, excessive web value people, marine and all different property and casualty (P&C) options.
Beneath the phrases of the settlement, Patrick Mulligan, the company’s principal, and his group of insurance coverage specialists will be a part of Hilb Group’s Southeast regional operations.
Hilb Group CEO Ricky Spiro stated: “E/G of Florida represents a terrific addition to our firm, aligned with our progress technique by including larger experience in very important markets, in addition to enhancing alternatives for the companies who be a part of us. We stay up for persevering with to develop all through Florida and past, to be able to greatest meet the wants of the shoppers and communities who rely on us.”
Mulligan stated: “This transfer represents an incredible subsequent step for us – we’re excited to hitch the Hilb Group and to have entry to the broader help and sources that this partnership delivers.
“As we transfer ahead, we are going to proceed our emphasis on tailor-made options for our shoppers, whereas increasing our entry to larger merchandise and choices to learn these we serve.”
In December 2022, Hilb purchased OceanPoint Insurance coverage to strengthen its operations within the New England area.