Nichols & Assoc., of Philadelphia, Pa., has been acquired by Brown & Brown of Tampa and Daytona Beach, Fla., according a joint announcement by Thomas E. Riley, regional president of Brown & Brown Inc. and Val E. Nichols, president of Nichols & Associates.
Nichols & Assoc. has annualized revenues of approximately $1.2 million. It is a retail insurance agency that specializes in placing coverage for large health care institutions and physician groups, including medical malpractice coverage. Nichols and his team will continue to operate from their current location as a new freestanding Brown & Brown profit center.
Nichols & Assoc. will provide Brown & Brown with expanded resources and service capabilities, with emphasis on the medical malpractice and other coverage needs of healthcare industry clients.
Was this article valuable?
Here are more articles you may enjoy.
Wrong-Way AI Trade Costs Florida Stock-Picker $50 Billion 
Trump Administration Backtracks on Removing Ocean Sensors 
Capital Factory CEO Killed in Private-Jet Crash in Texas 
Appetite for Insurance M&A Remains as AI Enters the Chat, Says PwC 
