Hilb Rogal & Hobbs Company (NYSE: HRH), one of the world's largest insurance and risk management intermediaries, announced that it has acquired substantially all of the assets of Brown/Raynor Corporation (Brown/Raynor). Terms of the transaction, which will close effective at the close of business on July 31, 2007, were not disclosed.

Founded in 1985 by George ?Hank? Brown and Walt Raynor, Colorado-based Brown/Raynor has grown into one of the state's most knowledgeable insurance brokers in several areas of expertise, offering a wide range of coverages and options. With over $4.5 million in revenue in 2006, Brown/Raynor primarily is a property and casualty agency, specializing in coverage for home builders. Brown/Raynor's staff of 29 professionals will continue to serve clients from their existing office in Greenwood Village, Colorado, joining HRH's West Region under the leadership of Vice President and West Region Director, William F. Creedon.

HRH Chairman and Chief Executive Officer Martin L. (Mell) Vaughan, III, commented, ?Brown/Raynor has been a highly respected independent insurance agency for over twenty years, becoming widely known for their customized insurance packages and solutions. Like HRH, Brown/Raynor works closely with their clients to assure that every concern and risk is addressed in every plan they create. This attention to client service excellence is one of the many reasons HRH is proud to join forces with Brown/Raynor, and we look forward to enhancing our already strong Colorado presence with their talented associates.?

Brown/Raynor's President, Walt Raynor, commented, ?Brown/Raynor chose to partner with HRH because our core values and overall cultures are such an unusually close match. Our partnership allows us to continue with our philosophy of doing the right thing for our customers and employees. HRH's size and national presence bring additional resources, expertise, and client servicing capabilities that certainly enhance our customers' end product. We're very excited and flattered to move forward with such a fine organization.?

Hilb Rogal & Hobbs Company (HRH) is the eighth largest insurance intermediary in the United States, with over 120 offices throughout the United States and the world. HRH helps clients manage their risks in property and casualty, employee benefits, professional liability and other areas of specialized exposure. In addition, HRH offers a full range of personal and corporate financial products and services. HRH is focused on understanding our clients' businesses, employees and risks, as well as the insurance and financial markets, so that we can develop insurance, risk management, and employee benefits solutions that best fit their needs. The company's common stock is traded on the New York Stock Exchange, symbol HRH. More information about HRH may be found at www.hrh.com.

Hilb Rogal & Hobbs Company
Liz Cougot, 804-747-3120
Fax: 804-747-6046