Hilb Rogal & Hobbs Company Announces the Acquisition of the Federau Group.

Business Editors

RICHMOND, Va.--(BUSINESS WIRE)--March 22, 2004

Hilb Rogal & Hobbs Company (NYSE: HRH), the world's 10th largest insurance and risk management intermediary, announced today that it has signed a definitive agreement to acquire substantially all of the operating

Generating over $3.3 million in revenue in 2003, The Federau Group is a full-service retail insurance broker that provides risk management, commercial property and casualty insurance and employee benefits products to its clients.

The Federau Group employs more than 40 insurance professionals, who will continue serving clients from their existing location under the leadership of William J. (Bill) Wesley, president, and the direction of John P. McGrath, HRH's Midwest regional director.

McGrath stated, "We are very pleased to have this experienced group of professionals join our expanding Midwest Region. They are an excellent enhancement to our existing operations in the state of Michigan and bring with them local risk management knowledge. I look forward to working with Bill and the other talented individuals at The Federau Group and want to be the first to welcome them to the HRH team."

Hilb Rogal & Hobbs Company is the nation's seventh largest insurance and risk management intermediary. With offices located throughout the United States, HRH assists clients in managing their risks in areas such as property and casualty, employee benefits and many other areas of specialized exposure. The company is traded on the New York Stock Exchange, symbol HRH, and is ranked the 10th largest insurance and risk management intermediary in the world. Additional information about HRH may be found at www.hrh.com.