Choice Financial Group, a Virginia-based insurance agency with offices in eight states, has announced that it has appointed Robert J. Hilb, founder of the Hilb Group, as CEO following the retirement of J. Richard Braun, founder and president of Choice.
“Richard Braun was instrumental in building Choice into a leading agency and establishing its growth strategy,” said Scott Kauffman, member of the Choice board of directors and partner at Northlane Capital Partners. “The board is grateful for the contributions that Richard has made to the organization, and he will continue to serve on the board as a valued resource to help inform and guide the company’s strategy.”
Hilb has more than 35 years of insurance industry experience, including founding and serving as CEO of the Hilb Group. During his tenure there, Hilb led the M&A function, closing more than 50 transactions. Prior to his appointment as CEO of Choice, Holb was serving as a member of the board of directors and head of M&A.
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“Bob is the natural option to lead the company’s next phase of growth,” said Sean Eagle, member of the board of directors and partner at Northlane Capital Partners. “His successful track record in the industry provides the board with tremendous confidence in his ability to execute key expansion initiatives and lead the organization.”
“It has been a pleasure working with Richard Braun and the balance of the Choice executive team,” Hilb said. “I am excited for Choice’s next chapter, as the company has several noteworthy initiatives underway, including its active M&A strategy, and a highly attractive long-term outlook. The Choice executive team and I will continue to drive value for our customers and stakeholders and offer a compelling place to work for our associates.”
