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Report: J.P. Morgan hired to advise on Hilb Group sale

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Report: J.P. Morgan hired to advise on Hilb Group sale

ABRY Partners LLC has brought in J.P. Morgan as an adviser to consult on the potential sale of its majority stake in insurance broker Hilb Group LLC, Insurance Insider reported.

The formal sales process has begun and first-round bids for the target company will begin shortly, according to the report.

Hilb Group, Abry Partners and J.P. Morgan did not respond to the Insider's request for comment.