Brown & Brown to Acquire Tennessee Bank’s First Horizon Insurance

Brown & Brown has agreed to acquire First Horizon Insurance Group Inc. from First Tennessee Bank.

The acquisition is expected to close in late April of this year.

With annualized revenues of approximately $14.8 million, First Horizon Insurance Group Inc. sells commercial and personal lines property and casualty insurance, bonds, employee benefits and risk management services to individuals and businesses in Tennessee and throughout the U.S.

As part of this transaction, First Horizon Insurance Group’s Nashville office will combine with Brown & Brown’s existing Nashville operation into a new Nashville location, under the leadership of First Horizon’s Daniel D. Hite and William H. Taylor, and Brown & Brown’s Danny Simmerman. The agency will continue to operate from its existing Memphis and Chattanooga locations.

First Horizon Insurance Group Inc. will change its name and operate as Brown & Brown of Tennessee, Inc.

First Tennessee Bank is a subsidiary of First Horizon National Corp.

Topics Mergers & Acquisitions Tennessee