Brown & Brown Acquires Insurcorp Assets

May 17, 2012

Brown & Brown Insurance of Nevada Inc., a subsidiary of Brown & Brown Inc., has acquired certain assets of Insurcorp and Maalouf Benefit Resources, which recently combined under the name Insurcorp.

Following the transaction, Insurcorp’s operations will be combined with those of Brown & Brown Insurance of Nevada’s existing Las Vegas office, which will operate under the leadership of Brian Cruden.

Insurcorp provides employee benefits retail brokerage and consulting services to employers in Nevada and surrounding states. The company also offers property and casualty and related insurance products to its clients. Insurcorp has annual revenues of approximately $5 million.

Brown & Brown, Inc., through its subsidiaries, offers insurance and reinsurance products and related services. Certain Brown & Brown subsidiaries offer a variety of risk management, third-party administration, and other services.

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