HRH Completes Bliss & Glennon Acquisition

NU Online News Service, Oct. 2, 2:06 p.m. EDT?Hilb, Rogal & Hobbs Co. announced it has completed itsacquisition of Bliss and Glennon Inc. Terms of the purchase werenot disclosed.

Headquartered in Redondo Beach, Calif., the managing generalagency and wholesale broker specializes in the distribution ofexcess and surplus lines insurance, primarily focusing on generalliability and special multi-peril commercial package policies. Inaddition to its Redondo Beach headquarters, Bliss and Glennon hasthree branch offices located throughout California.

Bliss and Glennon, founded in 1966, reported more than $13million in revenues in 2002, HRH said. The firm said the MGA'sexcess and surplus lines insurance utilizes more than 50 insurancemarkets and a network of more than 2,000 independent retail agentsand brokers.

Martin L. Vaughan III, chairman and chief executive officer ofRichmond, Va.-based HRH, said in a statement, "The acquisition ofBliss and Glennon further strengthens our growing excess andsurplus lines capabilities. We are delighted that thishighly-regarded operation has chosen HRH as its partner."

The broker announced it signed a definitive agreement to acquireBliss and Glennon on Sept. 23 and completed the transactionyesterday.