Hilb Rogal & Hobbs to Acquire Zutz Associates, Inc.

Zutz was founded in 1940 by Harry David Zutz on the principles ofneighborly manners, a benevolent spirit, and ethical businesspractices. Zutz provides a wide range of insurance products andservices, specializing in professional liability insurance forassociations. 2005 gross revenues were approximately $11.3 million($9.4 million net of outside brokers' commissions) and premium volumefor the firm exceeded $100 million. The Zutz team of more than 75professionals will continue to serve clients from their Wilmington,Delaware office under the leadership of their president, Lawrence I.(Larry) Zutz, and their existing management team. The operation willbecome part of HRH's Mid-Atlantic region, led by its director, StevenC. Deal.

HRH Chairman and Chief Executive Officer Martin L. (Mell) Vaughan,III said, "Our acquisition strategy includes expanding our geographicpresence when we can acquire an industry leader such as Zutz. We areexcited to welcome Zutz to HRH as our entry into Delaware. SinceZutz's creation over 65 years ago, its associates have operated onstrong personal commitments to integrity and to exceptional customerservice--values which have been similarly practiced at HRH through theyears. Zutz has experienced a great deal of success as a private firm,and we are now pleased to extend to them our national exposure, aswell as our wide range of unique resources. It is my pleasure towelcome Larry and his associates to our company."

Hilb Rogal & Hobbs Company is the eighth largest insurance andrisk management intermediary in the U.S. and 10th largest in theworld. From offices throughout the U.S. and in London, HRH assistsclients in managing risks in property and casualty, employee benefitsand many other areas of specialized exposure. The company's commonstock is traded on the New York Stock Exchange, symbol HRH. Moreinformation about HRH may be found on the internet at www.hrh.com.