The Hilb Group acquires New York-based insurance company

Henrico County-based insurance company The Hilb Group LLC (THG) announced Tuesday it has acquired Auburn, New York-based insurance company Moran, Moran, & Dauphin Inc. (MMDI), effective Nov. 1.

Financial details of the acquisition were not disclosed.

Founded in 2006, MMDI provides property and casualty (P&C) insurance products. As part of the transaction, the MMDI leadership team, including CEO Anthony Moran and agency owner Ryan Dauphin, along with their associates, will join THG’s operations and continue work out of their New York location.

“Joining THG will begin an exciting chapter for us at MMDI,” Moran said in a statement. “Our team is looking forward to the advantages that being part of the THG team brings in terms of additional services for our clients.”

Since 2015, THG has acquired more than 60 companies, with its most recent announcement in late October that it had bought Annapolis, Maryland-based Insurance Solutions.

“As we continue to grow, we are excited to welcome Anthony, Ryan and their team to the THG Tri-State operations,” THG CEO Ricky Spiro said in a statement. “MMDI will further strengthen our P&C capabilities throughout the region.”

THG was founded in 2009 and has been a portfolio company of Washington, D.C.-based investment management company The Carlyle Group since late 2019. Across its 90 offices in 21 states, the company employs more than 900 people.

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