Ownership Submission
FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
KORMAN TIMOTHY J
 2. Issuer Name and Ticker or Trading Symbol
HILB ROGAL & HOBBS CO [HRH] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
EVP,Finance and Administration
(Last)
(First)
(Middle)

HILB ROGAL & HOBBS COMPANY, 4951 LAKE BROOK DRIVE, SUITE 500		 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2007
(Street)


GLEN ALLEN, VA 23060		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Reporting
(check applicable line)

_X_ Form Filed by One Reporting Person
___ Form Filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Common Stock 10/29/2007   G 1,175 D $ 44.21 75,620 D  
Common Stock             8,160 I Custodial/UGMA/Trustee
Common Stock 06/30/2007   L 87 A $ 42.86 14,076 I Retirement Savings Plan
Common Stock 09/30/2007   L 48 A $ 43.33 14,124 I Retirement Savings Plan
Common Stock 12/31/2007   L 15 A $ 40.57 14,139 I Retirement Savings Plan

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 2270 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (Right to buy) $ 0           02/09/2006 02/09/2011 Common Stock
2,000
  2,000
D
 
Stock Options (Right to buy) $ 0             (1) 02/11/2010 Common Stock
1,000
  1,000
D
 
Stock Options (Right to buy) $ 0           02/16/2008 02/16/2013 Common Stock
4,500
  4,500
D
 
Stock Options (Right to buy) $ 0           02/07/2007 02/07/2012 Common Stock
3,375
  3,375
D
 
Stock Options (Right to buy) $ 0           02/16/2009 02/12/2014 Common Stock
4,500
  4,500
D
 
Stock Options (Right to buy) $ 32.73           02/09/2005 02/09/2011 Common Stock
16,000
  16,000
D
 
Stock Options (Right to buy) $ 33.06           02/07/2006 02/07/2012 Common Stock
18,000
  18,000
D
 
Stock Options (Right to buy) $ 37.25           02/10/2004 02/11/2010 Common Stock
16,000
  16,000
D
 
Stock Options (Right to buy) $ 37.45           02/11/2003 02/11/2009 Common Stock
16,000
  16,000
D
 
Stock Options (Right to buy) $ 39.35           02/16/2007 02/16/2013 Common Stock
18,000
  18,000
D
 
Stock Options (Right to buy) $ 42.66           02/12/2008 02/12/2014 Common Stock
10,000
  10,000
D
 

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
KORMAN TIMOTHY J
HILB ROGAL & HOBBS COMPANY
4951 LAKE BROOK DRIVE, SUITE 500
GLEN ALLEN, VA 23060		       EVP,Finance and Administration  

Signatures

Walter L. Smith 02/13/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Restricted Stock - vesting contingent on continued employment and achievement of specified goals. If necessary goals achieved, vests 25% for two years of employment after date of grant, and 25% per year of employment thereafter.

Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.