Richmond-based Hilb Group acquires insurance operation
Richmond-based insurance broker The Hilb Group said Wednesday it has acquired CityInsurance, the insurance operations of City National Bank of Charleston, W. Va.
James Myers will continue to lead CityInsurance , which will still operate from City National's offices in West Virginia. CityInsurance also will continue to provide personal insurance from other City National Bank branches.
“We are thrilled to have CityInsurance as a part of the Hilb Group,” Robert J. Hilb, president and CEO of The Hilb Group, said in a statement. “We believe this transition will create enormous opportunity for all CityInsurance employees as they will now be a part of a dynamic and growing insurance organization. With our combined resources we can expand the product offering and expertise available to all CityInsurance customers.”
The Hilb Group, founded in 2009, aims to grow through targeted acquisitions in the middle-market insurance brokerage space. The company has offices in Georgia, Florida, Kentucky, Maryland, New York, North Carolina, Tennessee, Virginia and West Virginia.