The Hilb Group acquired Charles Newman Co. Insurance and Employee Benefits to its portfolio, adding to The Hilb Group’s growing presence in the New York metropolitan area. The transaction became effective December 1, 2021.
Based in Peekskill, New York, Charles Newman Co. is a licensed full-service broker providing clients with a range of products and offerings including group health, as well as ancillary and voluntary employee benefits coverage. Charles Newman, Ilana Arbeit, David Arbeit and their team of insurance professionals will join the Hilb Group’s tri-state regional operations.
The Hilb Group is a property/casualty and employee benefits insurance brokerage and advisory firm headquartered in Richmond, Virginia. It is a portfolio company of The Carlyle Group, a global investment firm.
The Hilb Group seeks to grow through strategic acquisitions and by leveraging its resources and expertise to drive organic growth in its acquired agencies. The company has completed more than 120 acquisitions and now has more than 100 offices in 22 states.
Source: The Hilb Group
Topics Mergers & Acquisitions New York
Was this article valuable?
Here are more articles you may enjoy.
US P/C Underwriting Results: Two Years in a Row Over $20 Billion in the Red 
Homebuilders Cut on ‘Sluggish’ Housing Market, Florida Woes 
Damage From Hurricane Beryl May Cost Insurers $2.7B in US, $510M in Caribbean: KCC 
The 10 Major Risks Shaping Insurance Today 
