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.
Clash of Florida Titans Pits Powerful Tribe Against Homebuilder Lennar 
Remember the Fall of Patriot National? Trial in Suit vs. Mariano’s Lawyers to Begin 
Fla. Supreme Court Reverses Lower Court on Compensability of a Workplace Shooting 
Ryanair Passenger Partly Sucked From Jet After Window Breaks 
