The Hilb Group Acquires Venture Specialty Insurance

<div class="xn-content"><p><span class="xn-location"><location value="LU/us.va.glelen" idsrc="xmltag.org">GLEN ALLEN, Va.</location></span>, <span class="xn-chron"><chron>Sept. 15, 2011</chron></span> /PRNewswire/ -- <org>The Hilb Group, LLC</org> ("THG" or "Hilb") is pleased to announce the acquisition of <org>Venture Specialty Insurance</org> ("VSI") of <span class="xn-location"><location value="LU/us.va.rchmnd" idsrc="xmltag.org">Richmond, Va.</location></span> effective <span class="xn-chron"><chron>September 1, 2011</chron></span>.  VSI provides specialized insurance solutions for customers in over 25 states.  Jason Angus, founder and President of VSI, will continue as President of VSI and will assume the role of Chief Marketing Officer for THG effective with the closing of the transaction.</p><p>(Logo: <a href="http://photos.prnewswire.com/prnh/20100713/NE34299LOGO">http://photos.prnewswire.com/prnh/20100713/NE34299LOGO</a> )</p><p>"We are extremely pleased to welcome Venture Specialty, <span class="xn-person"><person>Jason Angus</person></span> and his team to <org>The Hilb Group</org> and we're thrilled that the Hilb name is back in the <span class="xn-location"><location value="LU/us.va.rchmnd" idsrc="xmltag.org">Richmond</location></span> market," said <span class="xn-person"><person>Robert J. Hilb</person></span>, President and CEO of THG.  "We believe that VSI's industry focus and proven marketing methodology will provide a foundation for significant growth."</p><p><span class="xn-person"><person>Jason Angus</person></span>, President of VSI and the newly formed <org>Hilb Group</org> of <span class="xn-location"><location value="LS/us.va" idsrc="xmltag.org">Virginia</location></span> commented, "I was not looking to sell.  However, after meeting Bob and the team I quickly understood what we could accomplish with the resources and experience THG has assembled. My entire team is very excited to be part of the THG growth story."</p><p>The VSI transaction is the first completed under THG's new ownership structure with <org>BHMS Investments, LP</org> ("BHMS") of <span class="xn-location"><location value="LU/us.ny.nyc" idsrc="xmltag.org">New York, NY</location></span>.  Kevin Angelis, Managing Director of BHMS commented, "We are excited to have a transaction completed so quickly after our investment in THG.  VSI is a highly complementary fit, both with regard to its people and being in <span class="xn-location"><location value="LU/us.va.rchmnd" idsrc="xmltag.org">Richmond</location></span>.  We look forward to its continued growth and success as part of <org>The Hilb Group</org>."</p><p><org>The Hilb Group</org> was founded in 2009 by <span class="xn-person"><person>Robert H. Hilb</person></span>, the former founder, CEO and Chairman of Hilb Rogal & Hobbs, and <span class="xn-person"><person>Robert J. Hilb</person></span>, a former Corporate VP of HRH.  The Hilb Group seeks to grow through targeted acquisition and strategic alliances in the middle market insurance brokerage space.  The Hilb Group is based in <span class="xn-location"><location value="LU/us.va.glelen" idsrc="xmltag.org">Glen Allen, VA</location></span> with offices in <span class="xn-location"><location value="LU/us.ct.simury" idsrc="xmltag.org">Simsbury, CT</location></span>, <span class="xn-location"><location value="LU/us.ny.bayore" idsrc="xmltag.org">Bay Shore, NY</location></span>, <span class="xn-location"><location value="LU/us.ny.rchstr" idsrc="xmltag.org">Rochester, NY</location></span> and <span class="xn-location"><location value="LU/us.ny.weheer" idsrc="xmltag.org">Westchester County, NY</location></span>.</p><p>Media Contact:  Robert J. Hilb, CEO<br />Phone: 804-564-9625<br />Email: <a href="mailto:[email protected]">[email protected]</a><br />web: <a href="http://www.hilbgroup.com/">www.hilbgroup.com</a></p><p>SOURCE <org>The Hilb Group</org></p></div>