Brown & Brown Acquires Florida’s Corporate Insurance Advisors

Insurance agency Brown & Brown of Florida, Inc. has acquired substantially all of the assets of Corporate Insurance Advisors.

J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc., and Mark R. Schwartz, the principal of Corporate Insurance Advisors, L.L.C., announced the deal today. No detail were disclosed.

Schwartz founded Corporate Insurance Advisors in 2005 as a retail insurance agency serving businesses and individuals. Following the acquisition, the Corporate Insurance Advisors team will operate from Brown & Brown’s retail office in Ft. Lauderdale, under the leadership of Mike Gorham.

Source: Brown & Brown

Topics Mergers & Acquisitions Florida