German American Bancorp (GABC) announced and closed the sale of the assets of its wholly-owned subsidiary German American Insurance to Hilb Group. The company said the all-cash deal is for $40 million, and creates an after-tax gain, net of transaction costs, of approximately $27 million.
German American Insurance will continue to operate throughout southern Indiana and Kentucky under the name, German American Insurance - A Hilb Group Company, and will remain under the leadership of Diana Wilderman, President of German American Insurance.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.