RICHMOND, Virginia., December 16, 2021 / PRNewswire / – The Hilb Group today announced that it has added PSA Insurance & Financial Services, one of the top 100 agencies, to its portfolio, further strengthening its presence in the Mid-Atlantic region and building on on its wide range of business and personal insurance benefits, products and services. The transaction has become effective December 1, 2021.
Situated at Hunting Valley, Maryland, PSA has an experienced team of licensed advisors and technical specialists who deliver superior results to clients through physical and cyber security and loss control, human resources consulting, data analysis, compliance, communications, customer advocacy and more. A nationally leading agency, PSA brings a wealth of expertise, including a full staff and an employee base of over 150 associates.
“For us, it was important to find a partner who would align with our culture and our approach of putting our customers first and maintaining the personal relationships we have forged,” said the CEO of PSA. Raymond Sweet. “We look forward to delivering the same trusted local service to our customers and building on what we offer through enhanced services and resources in conjunction with our new colleagues nationwide. By joining the Hilb Group, we believe we have found the perfect partner to deliver even more value to our customers. “
“We are delighted to welcome the PSA team and to add another Top 100 agency to our company,” said Group CEO Hilb. Ricky spiro noted. “This partnership represents exactly the type of growth that aligns with our strategy of expanding through top agencies and associates so that, in the end, we are better together in serving our clients. In addition, we are extremely happy to welcome another agency with such strong community ties, as these local connections – and support for those who depend on us – are a vital part of who we are and what we value. “
About the Hilb Group: The Hilb Group is a leading property and casualty insurance and employee benefits brokerage and advisory firm headquartered in Richmond, Virginia. Hilb Group is a holding company of The Carlyle Group, a global investment firm. The Hilb Group seeks to grow through strategic acquisitions and by leveraging its resources and expertise to drive the organic growth of its acquired branches. The company has completed more than 120 acquisitions and now has more than 100 offices in 22 states. Hilb Group is ranked among the Fastest Growing Brokers by Business Insurance, a Leading P / C Agency by Insurance Journal, and one of the fastest growing US private companies in the Inc. 5000. For more for information on Hilb Group’s growth and career opportunities, please visit our website at http://hilbgroup.com.
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SOURCE The Hilb Group, LLC