Ex Chubb EVP to head brokerage

Ex Chubb EVP to head brokerage | Insurance Business America

Ex Chubb EVP to head brokerage
The Hilb Group has announced that its cofounder and CEO – Robert J. “Bob” Hilb – has left “to pursue other interests;” in his place, the brokerage has appointed a former Chubb executive.

Hilb cofounded the middle-market insurance brokerage that bears his name in 2009.

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A company release said that Richard G. Spiro, the former executive vice president and chief financial officer of Chubb, has been brought in to replace Hilb. Spiro has over 30 years of insurance and financial services industry experience. He was previously executive vice president and CFO of the then called Chubb Corp. from 2008 to 2016.

“[Spiro brings] extensive leadership, strategic, operational, and financial skills that will further drive progress and growth in the organization,” said Hilb Group board member and partner with Abry Partners Brent Stone.

“Under Bob’s leadership and vision, THG (The Hilb Group) has grown to become a top 50 US insurance agency and we thank him for his many contributions as we worked together to build THG’s business,” Stone added.

The Richmond Times-Dispatch reported that The Hilb Group has enjoyed rapid growth in recent times due to its acquisitions of small insurance agencies across the country. The brokerage’s growth has been so explosive that it frequently makes it on to the annual Inc. 5000 list of the nation’s fastest growing privately held companies. Indeed the company had acquired 40 agencies since the start of this year.

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