The Hilb Group, LLC has acquired South Carolina-based McCartha, Cobb & Associates, Inc. (MC). The transaction became effective on April 1, 2021.
MC is an insurance agency, specializing in contract and commercial surety bonds to the construction industry. As part of the transition, Wayne McCartha, Ray Cobb, and Kathryn McCartha-Powers will join the THG Southeast region office in Columbia, SC.
According to Wayne McCartha, partnering with THG, will enable the company to operate across a broader platform and expand its surety services.
Ricky Spiro, THG CEO, said the firm will help strengthen the company’s construction and surety bonds practice in the Southeast.
THG is a property and 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.
Was this article valuable?
Here are more articles you may enjoy.
California Homeowners Insurance Costs Still 41% Below National Average, Report Shows 
5 Years After Surfside Collapse: Safer Condos, More Transparency for Underwriters 
Wanted: War-Zone Divers to Scrape Barnacles From Ships in Persian Gulf 
Flood Insurance Gap Will Squeeze Local Governments and Homeowners, Moody’s Says 
