Richmond, Va.-based insurance broker Hilb Rogal & HobbsCompany said it has purchased a book of accounts from BenchmarkInsurance Company, an underwriter of retail grocers.

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Terms of the deal were not released.

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HRH said the accounts were purchased by the firm's Oklahomaoperation and will be managed by the branch president, FrankShadid. HRH said the accounts had a revenue base of over $900,000in 2005.

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According to the Overland Park, Kan.-based company's Web site,Benchmark covers more than 1,800 grocers across the country andinsures over $2.8 billon in grocery assets. HRH said the companywill continue to do business as an insurance company.

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“We are excited to have this opportunity to acquire theseaccounts after working with Benchmark for many years,” Mr. Shadidsaid in a statement. “HRH already maintains a strong geographicfootprint within the grocer industry, and the purchase ofBenchmark's grocery accounts will further enhance our specialtycapabilities in the grocery segment.”

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