Brown & Brown Acquires MGAs

Brown & Brown Inc. of Daytona Beach and Tampa, Fla., announced it has acquired managing general agencies in Georgia and North Carolina in transactions effective March 1.

Saville & Associates Inc. of Norcross, Ga., and Public Risk Underwriters Inc. of High Point, N.C., have combined annualized revenues of approximately $1.8 million, according to Brown & Brown.

These two managing general agencies specialize in providing insurance products and services to public entities. As such they represent a solid expansion of Brown & Brown’s subsidiary, Program Management Services Inc. (PMSI), a leader in serving the insurance needs of the governmental sector countrywide.

Bob Saville, acting as Profit Center manager, and his staff, will continue to operate the two businesses under their respective names, at their current locations, as stand-alone operations of PMSI.

Shane Caldwell, president of PMSI, noted, “Saville & Associates and Public Risk Underwriters represent an important addition in our strategic plan to maintain our leadership in providing products and services to governmental entities. We are very pleased that these quality organizations have elected to join our family of insurance specialists.”