Summit Insurance Services

Name

Summit Insurance Services

Legal name

Hilb Group

Website

https://summitinsuranceservices.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Hilb Group is a privately held U.S. insurance brokerage operating 125+ branches across 50 states with 2,400+ employees, ranking among the Top 20 brokerages and serving commercial, personal, employee benefits, and specialty insurance clients nationwide.

Ownership category

akta.pro rank

Product category

Insurance Brokerage

NAICS

Insurance Agencies and Brokerages (52421), Insurance Agencies and Brokerages (524210)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Employee Benefits Brokerage & Consulting (FSAEADAC)

akta.pro secondary industries

High Net Worth Personal Lines (E&S) (FSAJAGAO), Personal Excess Liability (High-Net-Worth) (FSAJANAF)

Keywords

• Insurance brokerage
• Commercial lines insurance
• Personal lines insurance
• Employee benefits consulting
• Specialty insurance programs

Headquarters

HQ city

Leesburg

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Revenue model

1. Insurance brokerage commissions: Generates revenue through commissions on insurance products across personal lines, commercial lines, employee benefits, and specialty programs. Revenue is recurring in nature as insurance policies require periodic renewal.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Hilb Group operates as a full-service insurance brokerage providing personal insurance (auto, home, life), commercial insurance (general liability, workers' compensation, cyber), employee benefits, HR consulting, and specialty programs for niche industries across 125+ branches in 50 US states. The firm generates revenue primarily through commissions on insurance products placed with carrier partners, serving both individual consumers and businesses through a national branch network of advisors.

Differentiator

Problem solved

Functional benefit

Products and services

• Specialty Programs Industry-specific insurance programs covering Cannabis, Construction, Farms, Financial Institutions, Healthcare, Hospitality, Manufacturing, Marine, Non-profit, Real Estate, Retail, Technology, Transportation, and other specialized sectors requiring customized risk coverage.
• Employee Benefits Comprehensive employee benefits services for employers including Benefits Consulting, Benefits Compliance, Benefits Communication, Dental Insurance, Flexible Spending Account, Population Health Management, Group Disability, Healthcare, Group Long-Term Care, Life Insurance, Healthcare Captive (InCap), Taft-Hartley Health Plan, and Retirement Services.
• HR Consulting Human resources consulting services including Virtual HR, Recruiting, Specialty Services, and Managed Payroll Solutions for employer clients.
• Commercial Lines Business insurance coverage including Business Income, Captives, Commercial Auto, Commercial Crime, Cyber Liability, Directors & Officers, Environmental Liability, General Liability, Kidnap & Ransom, Professional Liability, Bonds, Terrorism, Umbrella, and Workers' Compensation for commercial clients.
• Personal Lines Personal insurance products for individuals and families including Auto, Flood, Homeowners, Life, Long-Term Care, Medicare, Private Client Group, Recreational, Renters, Umbrella, Valuables & Collections, and Watercraft & Yacht coverage.

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Direct peers

• Hub International: North American insurance brokerage with a similar mid-market focus, regional branch network, and multi-line offering including employee benefits and specialty — a closely comparable competitor to Hilb Group.
• Alliant Insurance Services: US insurance brokerage providing commercial, personal, employee benefits, and specialty solutions through a branch network — directly comparable in product breadth and middle-market orientation.
• Acrisure: Rapidly consolidating US insurance brokerage built on an aggressive agency acquisition strategy — directly comparable in growth-via-acquisition model and multi-line service offering.
• Brown & Brown: US-headquartered insurance brokerage with a comparable multi-line, branch-based distribution model spanning commercial, personal, benefits, and specialty programs — directly comparable in scale and go-to-market to Hilb Group.
• USI Insurance Services: Large US insurance brokerage with a parallel product mix (commercial, personal, employee benefits, specialty) and a mid-to-large account focus — directly comparable in distribution model and service breadth.
• NFP (an Aon company): US insurance broker with a heavily branch-based distribution model and similar multi-line offerings including personal, commercial, employee benefits, and specialty — directly comparable in scale and approach.

Regional players

• Truist Insurance Holdings: US insurance brokerage spun out of Truist Financial with comparable commercial, personal, and benefits capabilities — a relevant competitor with a strong regional concentration in the Southeast.

Broad incumbents

• Lockton: World's largest privately held insurance brokerage with comparable commercial, benefits, and specialty capabilities — a relevant broad incumbent competitor, particularly in mid-to-large commercial accounts.
• Marsh McLennan: Global leader in insurance brokerage and risk advisory (parent of Marsh, Guy Carpenter, Mercer, Oliver Wyman) — a broad incumbent whose commercial and benefits segments compete with Hilb Group at the upper end of the mid-market.
• Arthur J. Gallagher & Co. Top-tier global insurance brokerage and risk management firm that competes with Hilb Group across commercial, benefits, and specialty lines — larger and broader, but a relevant incumbent competitor.

Market position

Customer concentration

• Xx.com/SummitInsServ

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Summit Insurance Services