The Hilb Group, LLC (THG) has announced the acquisition of New Jersey-based American Truck Insurance Exchange, LLC (ATIE). The transaction became effective March 1, 2017.
ATIE is a property and casualty insurance agency that specializes in the trucking industry. All of ATIE’s employees, along with the managing partners, Rich Minerva and Ryan Proud, are joining THG under their existing name and will continue to operate out of their office in Manasquan, New Jersey.
“With over 40 years in the insurance industry, Rich, Ryan and their team possess considerable experience in trucking insurance,” said Robert J. Hilb, Founder and CEO of THG. “Not only is ATIE’s insight beneficial to our team, but the addition of their agency will expand our already substantial transportation operations in New Jersey. We are excited for them to join our team.”
“For many years, ATIE has been delivering the expertise and results our clients have depended on to help manage risk in their businesses,” said Rich Minerva. “Combining forces with THG will allow us to expand the services we provide to our clients and establish new opportunities for our associates.”