Standard & Poor’s announced that Florida’s Brown & Brown Inc. will replace Golden State Bancorp in the S&P MidCap 400 Index after the close of trading on a date to be announced. S&P 500 component Citigroup Inc. is acquiring Golden State Bancorp.
Brown & Brown Inc. is an insurance agency and brokerage firm that markets and sells insurance products and services. The company, headquartered in Daytona Beach, Fla., will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Insurance Brokers sub-industry.
Was this article valuable?
Here are more articles you may enjoy.
Renewal Changes for Most Commercial Lines Decrease in July and Q2, Says Ivans 
AI Data Center Boom Is ‘Maxing Out’ P/C Insurers, AIG CEO Says 
2,900 Required Condo Inspections Were Never Completed, Florida Report Finds 
New AIG CEO Andersen Talks Marketplace ‘Pass-Throughs,’ Opportunity 
