Richmond, Va.-based insurance broker Hilb Rogal & Hobbs Company said it has purchased a book of accounts from Benchmark Insurance Company, an underwriter of retail grocers.
Terms of the deal were not released.
HRH said the accounts were purchased by the firm's Oklahoma operation and will be managed by the branch president, Frank Shadid. HRH said the accounts had a revenue base of over $900,000 in 2005.
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