
Hilb Rogal & Hobbs' HRH second-quarter results, released Wednesday, were mostly consistent with our expectations. We don't expect to make a material
to more small - market clients with the HRH acquisition , a market it had not penetrated ..... short - term debt it used to finance the HRH acquisition , but still carries a relatively high debt load . The HRH acquisition raised annualized revenue by
internationally remain weak as well. In turn, with HRH results in the internal growth comparisons ..... positive internal growth within the previous HRH operations. Bottom line, revenue growth ..... end 2009) following the financing for the HRH acquisition. But Willis has demonstrated
eliminating a source of revenue.Historically, HRH 's margins have been considerably lower ..... than some of its competitors.By acquiring HRH , Willis gains access to more small-market ..... short-term debt it used to finance the HRH acquisition, the company still carries
the overall internal growth figure. Willis' integration of HRH has been proceeding ahead of our expectations, and this has ..... Wills integrated the historically lower-margin business of HRH , but Willis has largely been able to hold its margin level
its acquisition of Hilb Rogal & Hobbs ( HRH ) appears to be proceeding better than we ..... commissions and fees--adjusted for pro forma HRH results--increased 2%, a decent result ..... division. The company's integration of HRH is proceeding much better than we had originally
impressive 6%. Furthermore, Willis has taken significant steps to pay down the $1 billion term loan it took to finance the HRH acquisition. The company now has only $250 million outstanding on this loan, and consequently, refinancing this short-term
charge for impairment at its London-based reinsurance subsidiary, quarterly earnings at insurance brokerage Hilb Rogal & Hobbs HRH were about what we expected. Our fair value estimate--recently raised to reflect the anticipated sale of the company by Willis
that beat last year's second quarter. Commissions and fees in the quarter grew 3% internally from the year-ago period. The company said the acquisition of Hilb Rogal & Hobbs HRH is still on track and slated to close in the fourth quarter.
Last week, Hilb Rogal & Hobbs HRH agreed to be acquired by Willis Group Holdings WSH. The deal requires shareholder and regulatory approval, but should meet those