Corporate Profile for Hilb, Rogal and Hamilton Co., dated June 2, 1995.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and information services See Information Systems. . These include Dow Jones News/Retrieval, Bloomberg Financial Markets, Reuter Company Newsyear, Reuter Business Briefing, DataTimes, Nexis, Dialog, NewsNet, America OnLine, CompuServe, Delphi, Individual's HeadsUp and First!, Desktop Data's NewsEdge, UMI UMI University Microfilms International UMI United States Minor Outlying Islands (ISO Country code) UMI University of Miami UMI Universal Management Infrastructure (IBM) Data Courier, NewsBank, Information Access Company and many others. -0- Published date: June 2, 1995 Company name: Hilb, Rogal and Hamilton Co. Address: 4235 Innslake Dr. Glen Allen, Va. 23060-1220 Telephone No.: 804/747-6500 Chief Executive Officer: Robert H. Hilb Chief Financial Officer: Timothy J. Korman Investor Relations Investor relations The process by which the corporation communicates with its investors. Contact: Dianne F. Fox Business number: 804/747-3106 Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most Contact: Dianne F. Fox Business number: 804/747-3106 Trading symbol Trading symbol See: Ticker symbol : HRH HRH abbr. Her (or His) Royal Highness HRH Her (or His) Royal Highness HRH abbr (= His (or Her) Royal Highness) → S.A.R. Industry: Insurance agency system Company description: Hilb, Rogal and Hamilton Co., through its network of wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. insurance agencies (the "Agencies"), places various types of insurance, including property, casualty, marine, aviation, and employee benefits insurance, with insurance carriers and underwriters on behalf of its clients. The Company also advises clients on risk management and provides claims administration and loss control consulting services to clients. The Company has grown principally through acquisitions of independent agencies with significant local market shares and through new business production. The Company expects to continue seeking opportunities to add qualified agencies both existing and new markets. The Company's growth strategy emphasizes continued new business production and development of a decentralized de·cen·tral·ize v. de·cen·tral·ized, de·cen·tral·iz·ing, de·cen·tral·iz·es v.tr. 1. To distribute the administrative functions or powers of (a central authority) among several local authorities. network of general insurance agencies staffed by local professionals. The Company believes that a key to its success has been a strong emphasis on local customer service from experienced personnel with established community relationships. The Company's customer base ranges from personal to large national accounts, with an emphasis on medium-sized commercial and industrial accounts. Each Agency is staffed to handle the broad variety of insurance needs of its customers, and certain Agencies have developed special expertise in areas such as aviation, construction and marine insurance services. The Agencies act as independent agents representing a large number of insurance companies, which gives the Company access to specialized products and capacity needed by its customers. While the Agencies are large autonomous with respect to underwriting decisions, client solicitation, account maintenance, selection of insurance carriers and areas of insurance specialization, the Company maintains centralized administrative and accounting controls through its Richmond headquarters. For fiscal year 1994, the Company had revenues of $140.8 million 0ith $11.4 million of net earnings, resulting in earnings per share of $0.77. The Company is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. , symbol HRH. CONTACT: Hilb, Rogal and Hamilton Co. |
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