DAYTONA BEACH, Fla. – Brown & Brown, Inc. (NYSE:BRO), a prominent insurance brokerage firm, has announced the acquisition of the assets of Hillco Insurance, a company known for its tailored insurance solutions in the Dallas area.
This strategic move is set to enhance Brown & Brown's presence in Texas by integrating Hillco's expertise in personal and commercial insurance into its existing operations.
The Dallas-based Hillco Insurance, founded by Hunter Hill, has been serving the diverse insurance needs of the local business community with a particular focus on high-net-worth personal lines and commercial solutions.
Following the acquisition, Hillco will become part of Brown & Brown's Dallas office while maintaining its current leadership under Hunter Hill, who will report to Erik Templin, the head of the Brown & Brown Dallas team.
John Esposito, senior vice president of Brown & Brown's Retail segment, expressed enthusiasm for the integration of the Hillco team, citing the potential for new opportunities to serve both current and future customers. Hunter Hill also shared his optimism, stating that joining forces with Brown & Brown will amplify the capabilities of the Hillco team, benefiting clients through enhanced resources and knowledge.
Brown & Brown, Inc., with a history dating back to 1939, operates with a team of approximately 16,000 professionals across more than 500 locations worldwide. The firm is dedicated to delivering innovative risk management solutions to its clients.
The financial terms of the acquisition have not been disclosed. However, the transaction is anticipated to bring together complementary strengths, thereby providing a broader range of services to customers in the Texas market.
This acquisition is part of Brown & Brown's ongoing strategy to expand its services and reach in key markets. The company has a record of strategic acquisitions that contribute to its growth and enhance its service offerings.
The information regarding this acquisition is based on a press release statement from Brown & Brown, Inc.
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