The Hilb Group has announced the acquisition of Charles Newman Co., Insurance and Employee Benefits. The deal bolsters the Hilb Group’s presence in the New York metropolitan area.
Based in Peekskill, N.Y., Charles Newman Co. is a full-service broker that provides products including group health and ancillary and voluntary employee benefits coverage. Agency leader Charles Newman, Ilana Arbeit, David Arbeit, and their employees will join the Hilb Group’s Tri-State regional operations.
“We are extremely excited to join the Hilb Group,” Newman said. “This partnership marks a tremendous step in not only allowing us to maintain the strength of our local connections, but also to further enhance the resources and offerings we can deliver to our customers, now and for the future.”
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“Charles Newman and his team represent an ideal fit for our growth strategy,” said Ricky Spiro, CEO of the Hilb Group. “They have established, trusted relationships in an important market and are poised to deliver even more value to an expanding client base. We are pleased to welcome them to the Hilb Group, and to continue our broader growth in New York and beyond.”