The Hilb Group (THG), a US-based insurance company, has acquired New York-based BR Vital Brokerage (BRV) firm for an undisclosed amount.
The transaction became effective since 1 January this year.
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BRV is an independent brokerage that offers property and casualty insurance. Its domain lies in providing liability coverage to medical professionals.
BRV owner Steven Bykovsky will continue to lead the firm’s associates out of its existing location in Brooklyn.
Bykovsky said: “We are looking forward to the added capabilities we will have as part of THG.
“Access to a national network and pool of resources will help us provide clients with better, more expansive service than ever before.”
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By GlobalDataTHG CEO Ricky Spiro said: “BRV’s specialty focus goes a long way toward strengthening both our program offerings and presence in the Tri-State region.
“We look forward to welcoming Steven and his associates to THG’s team.”
Headquartered in Richmond, Virginia, THG is a middle market insurance agency and a portfolio company of The Carlyle Group, a global investment firm.
THG aims to grow through acquisitions in the middle market insurance brokerage area.
Founded in 2009, the firm currently has over 90 offices in 20 US states.
