Hilb Rogal & Hobbs Company (NYSE: HRH), one of the world's largest insurance and risk management intermediaries, announced today that it has signed a definitive agreement to acquire substantially all of the assets of Charlton Manley, Inc. (Charlton Manley), a Kansas-based retail property and casualty insurance agency and brokerage and employee benefits consulting firm. Terms of the transaction, which is expected to close on July 1, 2007, were not disclosed.

Charlton Manley has grown since its founding in 1982 to over $10 million in annual revenues in 2006. Primarily a mid-market, general lines agency, Charlton Manley's areas of specialization include construction, medical professional liability, truckers' liability, schools and school athletic programs. Charlton Manley's staff of 70 professionals will continue to serve clients from their existing offices located in Lawrence, Topeka, and Overland Park, expanding HRH's current Kansas presence beyond Wichita and Pittsburg. Charlton Manley will join HRH's Central Region under the leadership of Vice President and Central Regional Director, William L. Chaufty.

Gary L. Sollars, Charlton Manley's Chief Executive Officer commented, ?We are excited to be partnering with a firm that shares our core values and vision for future success. HRH provides us with tremendous new resources and services to better meet the needs of our clients, including an international presence and well-established reputation.?

HRH Chairman and Chief Executive Officer Martin L. (Mell) Vaughan, III, commented, ?HRH is pleased to welcome Charlton Manley's driven staff of professionals to our group of talented associates. Our company's strategic plan focuses on delivering the best possible service to our clients, and the service-oriented values at Charlton Manley will enhance our ability to do so. In addition, we are excited to incorporate several new locations into our Central Region. We look forward to welcoming Gary Sollars and his exceptional team to HRH.?

Hilb Rogal & Hobbs Company (HRH) is the eighth largest insurance intermediary in the United States, with over 120 offices throughout the United States and the world. HRH helps clients manage their risks in property and casualty, employee benefits, professional liability and other areas of specialized exposure. In addition, HRH offers a full range of personal and corporate financial products and services. HRH is focused on understanding our clients' businesses, employees and risks, as well as the insurance and financial markets, so that we can develop insurance, risk management, and employee benefits solutions that best fit their needs. The company's common stock is traded on the New York Stock Exchange, symbol HRH. More information about HRH may be found at www.hrh.com.

Hilb Rogal & Hobbs Company
Liz Cougot, 804-747-3120
Fax: 804-747-6046