Exhibit 99.2

                                 Press Release

Hilb, Rogal and Hamilton Company                           Contact:  Liz Cougot
4951 Lake Brook Drive                                    Phone:  (804) 747-6500
Gl9272                                                     Fax:  (804) 747-6046

                             FOR IMMEDIATE RELEASE


July 1, 2002

       Hilb, Rogal and Hamilton Company Completes The Acquisition of Hobbs
                                   Group, LLC

July 1, 2002 -- Hilb, Rogal and Hamilton Company (HRH), the world's 10th largest
insurance intermediary and the 7th largest in the United States, announced today
that it has completed the  acquisition of Hobbs Group,  LLC (Hobbs),  one of the
nation's premier  independent  insurance brokers serving top-tier  middle-market
and risk management clients.

Headquartered  in  Atlanta,  Georgia,  and with 27 offices  in 15 states,  Hobbs
generated  revenues of $95.2  million in 2001  providing  property  and casualty
insurance  brokerage,  risk  management,  executive  compensation  and  employee
benefit services. The purchase price of the acquisition, described in the May 13
press release, included a fixed amount of $142 million, up to an additional $102
million  contingent on the achievement of performance  goals, and the assumption
of earnouts (with an estimated net present value of $30 million). HRH arranged a
secured  institutional  term loan  facility to finance  the cash  portion of the
transaction.

"Known  for  its  strong  sales   culture  and  highly   accomplished   team  of
professionals,  Hobbs has always had an excellent  reputation  in the  industry.
This union accelerates HRH's entry into new, attractive markets that are central
to our five-year growth plan," said Martin L. Vaughan,  III, HRH's President and
Chief  Operating  Officer.  "Combining  with  Hobbs  also adds  risk  management
expertise  and  specialty  lines of  business  that will  benefit  our  existing
clients."

Thomas A. Golub,  President and Chief Executive  Officer of Hobbs, who joins HRH
as its Executive Vice  President and will serve on its Board of Directors,  will
continue in his capacity as President and Chief  Executive  Officer of the Hobbs
organization. Plans call for Hobbs' management team and key personnel to operate
under the Hobbs name for the foreseeable future. Golub commented, "HRH's passion
for client service,  its professionalism and entrepreneurial  culture make it an
ideal setting for our people,  our  customers  and the continued  pursuit of our
aggressive business objectives."

"We are extremely pleased to welcome Hobbs as a strategic addition that moves us
a critical  step closer to achieving  our goal of becoming the premier  domestic
mid-market  insurance and risk  management  intermediary,"  concluded  Andrew L.
Rogal, HRH's Chairman and Chief Executive Officer.

Hilb, Rogal and Hamilton Company provides insurance and risk management services
to a wide  spectrum  of  clients  through a network  of over 100  offices in the
United States. The Company is traded on the New York Stock Exchange, symbol HRH,
and  is  ranked  as the  10th  largest  insurance  intermediary  in  the  world.
Additional information about HRH may be found at www.hrh.com.

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