The Hilb Group has acquired a New Hampshire-based property and casualty business, effective February 1. Financial terms of the acquisition were not disclosed.
The acquisition expands the company's property and casualty offerings across the New England region.
The Hilb Group is a property and casualty and employee benefits insurance brokerage and advisory firm headquartered in Richmond, Virginia.
A portfolio company of The Carlyle Group, a global investment firm, Hilb Group pursues growth through strategic acquisitions and by leveraging its resources to support organic expansion within its acquired agencies. The company has completed more than 180 acquisitions and operates over 125 offices in 30 states.
Last December, the company acquired a property and casualty business in Texas, after purchasing another insurance firm there in August. A month before that, the company acquired another property and casualty firm in Louisiana.
In October 2024, Hilb purchased another property and casualty business in Alabama and a worksite enrolment business in Colorado.
Financial terms of these acquisitions were not disclosed.
At the start of the year, New Hampshire’s lawmakers enacted several changes to state laws, ensuring that consumers are protected from balance billing, as well as improving the dispute resolution process.
The updates clarify how consumer cost-sharing amounts are calculated when care is provided by out-of-network providers for emergency services or at in-network facilities. Meanwhile, the new state dispute resolution process will address inefficiencies that have affected the federal process.
The New Hampshire Insurance Department also said it was able to collect $164.74 million from the state’s general fund in 2024 and securing more than $6.4 million in consumer recoveries.
“The New Hampshire Insurance Department’s efficient collection of more than $164 million in premium taxes reflects the growth and stability of the state’s insurance sector,” said Amy Duhaime, chief tax officer. “These funds are a vital resource for the state, reinforcing our commitment to sound financial oversight and regulatory accountability.”
