Hilb Rogal & Hobbs Company (NYSE:HRH) announced yesterday that it has acquired substantially all of the assets of Surplus, Ltd., a Texas-based managing general agency (MGA) and excess and surplus lines insurance broker. Terms of the transaction were not disclosed.
"The addition of Surplus, Ltd. represents a very positive development in our strategy for continued growth of our MGA and surplus lines capabilities," said Chairman and Chief Executive Officer Martin L. Vaughan, III. "With its strong market relationships, Surplus, Ltd. will be a significant contributor to our specialty marketing ...
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