Hilb Group has acquired a property and casualty insurance agency in Louisiana, extending its footprint in the company's Central region as the broader US insurance agency M&A market slows to its quietest pace in years.
Hilb Group has acquired a property and casualty insurance agency in Louisiana, extending its footprint in the company's Central region as the broader US insurance agency M&A market slows to its quietest pace in years.
The deal took effect on 1 July 2026. The Richmond, Virginia-based brokerage did not disclose the name of the acquired agency or the terms of the transaction. It is the company's second disclosed acquisition in Louisiana, following a first deal in November 2024 that was also unnamed and undisclosed.
A Steady Acquisition Pace
Hilb Group, a portfolio company of The Carlyle Group, has completed more than 200 acquisitions and now operates more than 125 offices across 32 states.
The company's own announcements point to a consistent acquisition pace across 2025 and 2026. Recent deals include agencies in:
- Kentucky
- Pennsylvania
- Georgia
- South Carolina
- Michigan
- New Jersey
Louisiana Market Pressure Meets Reform
Louisiana's property insurance market has faced significant strain in recent years. An estimated 30% to 40% of mortgage applications in the state fail because of high home insurance costs, according to a 2026 Levy Economics Institute analysis. A separate 2026 Insurify analysis found that home insurance premiums in Louisiana run about 38% above the national average.
State reforms passed in 2024 have since eased some of that pressure. Insurance Commissioner Tim Temple said 10 new homeowners insurers entered the Louisiana market following the changes, and approved homeowners rate increases slowed to 6.6% in 2024, down from 16.2% in 2022.
A Cooling M&A Market
The Louisiana deal comes as the broader US insurance agency M&A market has cooled. OPTIS Partners recorded 695 agency deals in 2025, down from 787 in 2024, with the fourth quarter producing the fewest transactions since 2019.
The pool of active acquirers has also narrowed, falling to 95 firms in 2025 from 104 the year before. OPTIS Partners estimates roughly 30,000 independent agencies with revenue below $1.25 million still lack a succession plan, leaving a large pool of potential targets for acquisitive brokerages.
By continuing to buy through a slowing market, Hilb Group underscores how well-capitalised consolidators are positioned to keep expanding even as overall deal volumes fall, particularly in stressed markets such as Louisiana where reform is beginning to reshape the competitive landscape.
