Florida’s Brown & Brown Inc. announced its acquisition of Acumen Re Management Corporation, of Mount Laurel, N.J., in a transaction effective March 1.
Acumen Re Management Corporation, with annual revenues of approximately $2,000,000, is a reinsurance underwriting management organization, primarily acting as an outsourced specific excess workers’ compensation facultative reinsurance underwriting facility.
Ted Betoni will continue to serve as president of Acumen Re and Profit Center manager. Betoni, along with Bob Murphy, Jennifer Hubbs and their existing staff, will continue to operate at their current location as a stand-alone Brown & Brown profit center.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
JPMorgan Banker Sues Ex-Colleague Over ‘Fabricated’ Sex Claims 
Comulate Loses Appeal for Injunction Against Applied Systems 
After Complaint, GEICO Agrees to Modify Cancellation Process That Uses AI 
Insurance Mogul Lindberg Gets 12 Years for $2 Billion Fraud 
