Hull & Co., a wholesale insurance subsidiary of giant Brown & Brown, has acquired the commercial managing general agency operations of Insurance House.
Insurance House is an MGA and wholesale insurance broker offering commercial and personal lines insurance products to retail brokers. The commercial wholesale brokerage operations that have been acquired are located in Atlanta, Georgia and Silver Spring, Maryland with total approximate annual revenues in 2016 of $3 million.
Only the commercial MGA business has been acquired. An earlier version of this story incorrectly indicated that the entire business has been acquired. Insurance Journal regrets the error.
The acquired operations will continue to operate in Atlanta and Silver Spring as part of the Brown & Brown Wholesale Division.
The newly acquired operations will report to Kathy Colangelo, senior vice president of the Brown & Brown Wholesale Division.
Tony Strianese, president of the Brown & Brown Wholesale Division, praised “the quality brand that Insurance House has built as a wholesale broker” and welcomed the new commercial lines brokers and the retail partners of the Insurance House.
Brown & Brown acquired Hull & Co. in 2005. Since then Hull has acquired several wholesalers including Delaware Valley Underwriting Agency Inc., and its personal lines spin-off, Residential Underwriting Agency Inc.; Excess and Surplus Lines Insurance Brokers in Sherman Oaks, Calif.; Missoula, Mont.-based Big Sky Underwriters Inc.; and High Country Insurance Managers in Lakewood, Colo.
Topics Mergers & Acquisitions Agencies Commercial Lines Insurance Wholesale
Was this article valuable?
Here are more articles you may enjoy.
Insurer Chubb Readies $350M Payout Tied to Baltimore Bridge Collapse 
‘Buffett Got it Wrong’ on California Fire Risk: PG&E CEO 
Cracks in O’Hare Columns Aren’t Insured Property Damage, Just Bad Product – Court 
Berkshire’s ‘Most Important’ Biz Drives Q1 Results; GEICO Still Behind on Tech 
