Florida’s Brown & Brown Inc. acquired Syracuse, N.Y.-based The Young Agency Inc. The transaction, which became effective May 4, creates one of Brown & Brown’s larger operations.
Brown & Brown, among the 10 largest independent insurance intermediary organizations in the U.S., provides a broad range of insurance products and services, as well as risk management, employee benefit administration and managed health care services. The Young Agency, one of the largest commercial insurance agencies in the central New York region, reports annual commissions and fees in excess of $11 million. The company specializes in property/casualty, surety bonding, life, health, employee benefits and risk management consulting. The Young Agency’s management and staff will be retained and combined with Brown & Brown’s existing Syracuse operations.
Topics Mergers & Acquisitions
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