The Hilb Group, LLC said it has acquired Lake Norman Benefits of Charlotte, North Carolina.
Terms were not disclosed on the transaction that closed on Nov. 1.
LNB will continue to operate at its current location under previous owner and president, David Contorno, according to the announcement.
LNB focuses on middle market employee benefits in North Carolina, Virginia and New York.
The Hilb Group seeks to grow through targeted acquisitions in the middle market insurance brokerage space. The company is headquartered in Richmond, Virginia with 15 offices in Georgia, Florida, Kentucky, Maryland, New York, North Carolina, Tennessee and Virginia.
Was this article valuable?
Here are more articles you may enjoy.
US P/C Rebounds to Post Q1 Underwriting Gain; Net Income Doubles 
Ship Insurers Set for Major Claims From Iran War, Allianz Says 
‘We’ll Want Some Proof’: State Farm CEO’s Take on NY Auto Insurance Reforms 
Big I: Independent Agencies’ Market Share Up Slightly in 2025 
