The Hilb Rogal & Hobbs Company, an insurance and risk management intermediary, has acquired all the stock of GA Pearson and Associates Insurance Brokers. Terms of the transaction were not disclosed.
With approximately $3.8 million in revenue in 2007, Pearson was founded 27 years ago by Glenn Pearson. The company is based in San Diego, US, and specializes in commercial, construction and complex property insurance.
Pearson’s employees will merge into Hilb Rogal & Hobbs’ (HRH) existing San Diego location, under the local leadership of Thomas James; and will join HRH’s west region under the leadership of vice president and west regional director, William Creedon.
Mr Creedon said: Pearson has built an amazing reputation for their client focus and commitment to service, which are two cultural characteristics HRH takes great pride in as a company. In addition to their premier client base, we feel that Pearson’s expertise will blend very nicely into our existing talent in HRH’s San Diego location.