Brown & Brown of Pennsylvania Inc., a subsidiary of Brown & Brown Inc., said it acquired assets of Moten Associates, an independent agency in Norristown, Penn.
Founded in 1970, Moten Associates offers surety bonds, as well as a wide variety of property/casualty insurance products, to clients throughout the Delaware Valley and the eastern United States. The company has combined annual revenues of $1.1 million. The firm’s management and staff are expected to join Brown & Brown of Pennsylvania offices in Plymouth Meeting, Penn.
Brown & Brown Inc. is an insurance brokerage firm headquartered in Daytona Beach, Fla. Earlier this week, the firm reported 2012 first-quarter net income of $49.43 million, up 6.3 percent from one year ago.
Brown & Brown Inc., through its subsidiaries, offers a broad range of insurance and reinsurance products and services. Additionally, Brown & Brown subsidiaries offer a variety of risk management, third party administration, and other services. The company serves business, public entity, individual, trade and professional association clients nationwide.