Virginia-based Hilb Group has said it has launched the business and added two partners, as part of building a mid-market commercial insurance brokerage firm.

According to the Hilb Group, it has acquired the business of Joseph Caruso who operates in North Carolina and New York. Mr Caruso provides a range of insurance brokerage and advisory services focusing on management liability and employee benefits for corporate clients across the country.

Joseph Caruso, former managing director of Willis, New York, will lead Hilb Group’s financial services practice.

Hilb Group has said that it has also partnered with New York-based JJ Jerome Associates/EAI which provides specialized insurance programs to the physician and dental professions throughout the state of New York.

The group has added that JJ Jerome Associates/EAI has been in business for over 50 years. James Jerome will head JJJ/EAI for The Hilb Group along with the founder of JJJ/ EAI, Jerry Jerome.

Robert Hilb, president and CEO of The Hilb Group, said: We are extremely pleased to launch our business by partnering with such well-respected firms.

”We believe that both organizations provide tremendous potential for organic growth and will serve as springboards for future strategic agency alliances and acquisitions.