brown & brown News

For Brown & Brown, Acquiring CoverHound Accelerates Tech Modernization Efforts

Property/casualty insurance companies far and wide are considering whether to develop technology platforms in-house or modernize some other way. Brown & Brown chose an acquisition to get there. The broker announced in November that it bought digital property/casualty insurance marketplace …

Brown & Brown Agrees to Acquire Irish Broker O’Leary Insurances

Brown & Brown Inc., the Daytona Beach, Fla.-based broker, announced it has entered into an agreement to acquire the general insurance operating companies of O’Leary Insurances (OLI) in Ireland. The transaction is expected to close in January 2021, subject to …

Brown & Brown Acquires Digital Insurance Agency CoverHound and Its CyberPolicy Unit

Insurance broker Brown & Brown has acquired CoverHound, a digital property/casualty insurance marketplace, and CyberPolicy, CoverHound’s small business subsidiary. Neither side disclosed financial details of the asset transaction. After the deal closes, CoverHound and CyberPolicy will continue to operate independently …

Brown & Brown, Inc. Acquires the Assets of Frank E. Neal & Co.

Brown & Brown of Tennessee, Inc., a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of the Frank E. Neal & Co. Agency, according to an announcement from J. Scott Penny, chief acquisitions officer of …

Brown & Brown Acquiring HAUSER in Ohio

Brown & Brown Inc. has entered into an agreement to acquire the assets of HAUSER in Ohio. The deal is expected to close in September, subject to certain closing conditions. Terms were not disclosed. HAUSER focuses on insurance solutions for …

Brown & Brown CEO Sees ‘Sporadic’ Economic Recovery Ahead After Own COVID Recovery

Insurance broker Brown & Brown, Inc. reported second quarter revenues of $598.8 million, an increase of $23.6 million, or 4.1%, compared to the second quarter of the prior year, Commissions and fees increased in the quarter by 4.4% and organic …

Cannabis Broker Spotlight: Porter with Brown & Brown Sees Growing Opportunities

Editor’s note: This part of a series of profiles on cannabis brokers, in which Insurance Journal explores why and how these folks got into the business, the ups and downs of insuring cannabis, as well as a few tips for …

Brown & Brown Reports Q1 Revenue Up; Takes Steps to Anticipate Coronavirus Impact

Insurance agency Brown & Brown saw revenues and net income increase in the first quarter, even after accounting for expected lower revenues on existing employee benefits and workers’ compensation policies and other potential effects from the coronavirus crisis. Revenues increased …

P. Barrett Brown Named President of Brown & Brown Retail Business

Insurance broker Brown & Brown announced the appointment of P. Barrett Brown as an executive vice president and president of the company’s retail business. Most recently, Brown served as a senior vice president and a regional president in the retail …

Brown & Brown Acquires Insurance Management Group of South Carolina

J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc., and Mark K. Ackerman, the sole shareholder of Insurance Management Group, Inc. (IMG), announced that Brown & Brown of South Carolina, Inc. has acquired substantially all of the assets …