Higginbotham partners with HDB
Texas-based insurance and financial services company Higginbotham has teamed up with Harmon Dennis Bradshaw (HDB), an independent insurance and risk management firm based in Montgomery, Ala.
The move expands Higginbotham’s presence in the Southeast and adds a firm focused on complex commercial clients, offering property and casualty, employee benefits, and advisory services. HDB will continue operating with its existing leadership team, with a focus on preserving its client relationships and community presence.
“This is an important move for Higginbotham in Alabama. HDB has established itself as one of the largest independent agencies in the state, and they bring strong commercial capabilities, a rapidly growing employee benefits practice and a team culture that fits how we work.” – Higginbotham Chairman and CEO Rusty Reid.
“Risk management, contract review, claims advocacy, guidance for clients operating in a heavy regulatory environment — these are things we already provide. The difference is having deeper resources available on demand, whenever a client needs them. With Higginbotham behind us, those services can be part of our core model. Our ten shareholders are used to making decisions as owners. Higginbotham provides a structure where our leadership stays here, our people keep a stake in the business and we don’t turn into someone else’s branch office. We’ve always believed this work is about helping people when it matters. That’s true for our clients and it’s true for our communities. Joining forces with Higginbotham lets us keep that culture intact and puts even more support behind the work our team is already doing.” – HDB President David J. Dennis, CPIA.
“We’ve got people who have been with the agency a long time but do not have the ability to buy in because we don’t have any shares left to sell them. And that’s a problem. We may be a big agency, but we have a real family culture. Our people are the reason for our growth and success and they deserve to have a stake in our future.” – HDB Vice President and Operations Director Jennifer Hill, CPCU.
