ONI Risk Partners acquires HBG Insurance & Bonds

ONI Risk Partners, one of the Midwest’s largest independent insurance brokers, will acquire Greencastle-based HBG Insurance & Bonds, a leading privately-owned Indiana agency since 1916, ONI has announced.

The HBG team joins ONI’s 300+ insurance professionals serving business and individual clients throughout Indiana, Illinois and Kentucky.

“HBG is a thriving agency because Rick Bittles and his team have earned the confidence of their clients, hired and developed great people and made a strong civic commitment to Central Indiana,” Jim Hynes, president of ONI Risk Partners, said in a press release. “We do business the same way, so this philosophy of building long-term relationships by offering superior service and unparalleled expertise won’t change.”

Bittles, president of HBG, agreed.

“This is an exciting opportunity to join a vibrant organization that shares our values,” Bittles said. “While our clients will continue to work with their existing HBG account teams, partnering with ONI provides access to a more diversified platform of services for all of our lines of business.”

“HBG is a great agency that fits well with our client centric culture,” finished Hynes. “We look forward to giving them the resources to do even more.”

In partnering with ONI, HBG also joins the national platform of Prime Risk Partners. PRP is among the industry’s fastest-growing firms, building a national platform founded with leading regional agencies like ONI and HBG that seek expansion through local management and market knowledge with access to the resources of a dynamic national organization.

“We’re pleased that ONI has found quality partners in Rick Bittles and the HBG team,” Bret Quigley, chairman and CEO of Prime Risk Partners, said. “This partnership exemplifies a key component of our strategy for strong and sustainable growth and bringing together client-focused agencies that can grow faster together by embracing our platform.”

HBG Insurance & Bonds was originally established in 1916 as a bonding agency by First Citizens Bank & Trust in Greencastle. For the next 101 years, HBG grew to six locations in Central Indiana and expanded its coverage options to include commercial, personal, life and health insurance in addition to contract bonds.

Headquartered in Indianapolis with offices across the Midwest, ONI Risk Partners is one of the largest insurance agency operations in the Midwest, insuring thousands of individuals and businesses regionally, nationally and internationally. ONI Risk Partners became part of the Prime Risk Partners family in 2016.