J. Scott Penny, regional executive vice president of Brown & Brown, Inc. and Kevin Mandrell and William Lantrip, principals of Diversified Insurance Brokerage Group, Inc. of Indianapolis, Ind. recently announced the asset acquisition of Diversified Insurance Brokerage Group, Inc. by a subsidiary of Brown & Brown, Inc.
Diversified Insurance Brokerage Group, with annualized revenues of approximately $1 million, is a retail commercial insurance agency specializing in serving the employee benefits needs of clients in Indianapolis and throughout the Hoosier state. Kevin Mandrell and Bill Lantrip will be joining Brown & Brown’s existing Indianapolis office, under the leadership of Eric Anderson.
Brown & Brown, Inc. and its subsidiaries offer insurance and reinsurance products and services, as well as risk management, third party administration, managed health care, and Medicare set-aside services and programs.
Source: Brown & Brown, Inc.
Topics Mergers & Acquisitions Agencies
Was this article valuable?
Here are more articles you may enjoy.
Property, Auto Insurance Shopping Up as Consumers Feel Economic Pressures 
New York Taxi Insurer Failed to Defend Uber in Crash Cases, Judge Says 
Georgia Insurance Law Is About to Get an Upgrade With Multiple Changes 
Study: AI May Be Tempering Insurer Hiring 
