The Hilb Group L.L.C. said on Tuesday that it has acquired Hyannis, Massachusetts-based Dowling & O’Neil Insurance Agency Inc.
The terms of the acquisition were not disclosed.
Dowling & O’Neil provides general property and casualty insurance and specialty insurance for high net worth personal lines and health care, The Hilb Group said in a statement.
Dowling & O’Neil co-owners Mark McCartin and Rob Miller will continue to lead 31 employees and operate under their current name, according to the statement.
“Rob and Mark have built a great agency with an exceptionally talented team,” Bob Hilb, president and CEO of Richmond, Virginia-based The Hilb Group said in the statement. “Their expertise in both high net worth personal lines and health care facilities are terrific enhancements to our company’s service offerings.”
Agent-broker organic revenue growth slowed to 4.6% in 2015, according to Reagan Consulting Inc.'s Organic Growth and Profitability survey, released Tuesday.