Brown & Brown Inc. and Chartered Financial Services Corporation, the holding company for Cal-Surance Associates Inc., United Network of Insurance Services Inc., Sterling Reinsurance Intermediaries Inc., and Lancer Claims Services Inc., all headquartered in Orange, Calif., announced the finalization of their previously announced acquisition transaction, providing for Brown & Brown Inc. to acquire the assets of these four companies. The transaction is effective Nov. 1, 2002.
Cal-Surance Associates, United Network of Insurance Services, Sterling Reinsurance Intermediaries and Lancer Claims Services generate combined annual revenues of approximately $27 million. The companies will continue to operate from their current locations as free-standing Brown & Brown profit centers.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Flood Insurance Gap Will Squeeze Local Governments and Homeowners, Moody’s Says 
A Super Yacht Armada Came to Miami, Leaving a Marine Graveyard in Its Wake 
More Americans Are Moving Away From Flood Risk Than Toward It 
Need Wind Mitigation? New Florida Insurer Wants to Help With That 
