Middle-market broker buys condo insurance specialist

The Hilb Group L.L.C. on Thursday said it has acquired All Lines Insurance Group Inc. of Clearwater, Florida.

The transaction, terms of which were not disclosed, is effective May 1, Richmond, Virginia-based Hilb said in a statement.

All Lines is a full-service brokerage specializing in property/casualty insurance for condominium associations in Florida that Hilb will seek to grow through its national program offerings, according to the statement.

“With their expertise in writing insurance for condominium associations combined with the overall resources of our company, we believe we can develop an exciting national program that will really benefit our clients,” Robert J. Hilb, president and CEO of The Hilb Group, said in the statement.

“Our values and business approach align perfectly,” Mike Clarkson, co-owner of All Lines said in the statement.

“With the added resources, markets, and services that Hilb brings to the table, we believe we can provide our clients with unmatched services and value,” Dan Railey, co-owner of All Lines, said in the statement.

The Hilb Group, a middle-market insurance agency, has 23 offices in Georgia, Florida, Kentucky, Maryland, New York, North Carolina, Tennessee, Virginia and West Virginia, according to the statement.