- Pre-Market Indications

Monday, June 9, 2008

Insurance Broker Willis to Acquire HRH

In what is believed to be the insurance brokerage industry's biggest deal in a decade, Willis Group Holdings (WSH) has agreed to buy Richmond (Va.)-based Hilb Rogal & Hobbs (HRH) in a deal valued at $2.1 billion. The deal will cement $2.6-billion-a-year Willis' standing as No. 3 in the industry globally, by adding HRH's $800 million a year in revenues.

this is a cash deal, hrh gapping up 45 percent. unfortunately the deal is cash. look for flat chart after open.
Insurance Broker Willis to Acquire HRH

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