Brown & Brown Subsidiary Acquires Assets of Nies Insurance Agency

January 14, 2011

Brown & Brown Inc. subsidiary Fullerton & Co. Inc. has substantially all of the assets of Nies Insurance Agency Inc.

With annual revenues of approximately $2.7 million, Nies Insurance Agency has served the personal, commercial, and employee benefits insurance needs of clients in the greater Portland, Ore./Vancouver, Wash., area for 39 years. Gerald L. “Jerry” Nies, currently president of Nies Insurance, and his team will continue to serve their clients from their Camas and Battle Ground, Wash., locations, under the leadership of Tim Nielsen, vice president of Fullerton & Co.

The transaction does not include the joint venture between Nies Insurance Agency and iQ Credit Union, which will continue to operate separately.

Daytona Beach, Fla.-based Brown & Brown Inc. and its subsidiaries offer insurance and reinsurance products and services, as well as risk management, third-party administration, managed health care, and Medicare set-aside services and programs.

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