Richmond, Va-based insurance broker Hilb Rogal & Hobbs Co. announced it has acquired Global Special Risks, LLC. Terms of the deal were not released.
Global Special Risks (GSR), an excess and surplus lines wholesale broker and managing general agency, specializes in the energy and nonmarine property fields. The company was founded in 1979 and has offices in Houston and New Orleans.
Originally created as a London market cover holder concentrating on marine and energy placements, the GSR has product offerings and multiple niche products with the London and North American markets. HRH said the firm produced $8 million in revenue in 2006 and employs a sales and support staff of 26 professionals from its two locations.
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