brown & brown News

Patrick Ryan Hails Program Business Amid Retail Consolidation, Moves Toward MGAs

Insurance industry trailblazer Patrick Ryan thinks the insurance program business could be headed for interesting times given recent consolidation in the retail insurance agency sector, an influx of capital and the recent purchase of a large program manager by American …

Insurance Broker Hays Companies to Be Brown & Brown’s Biggest Acquisition

Brown & Brown Inc. has agreed to acquire the assets of the Hays Companies insurance operations. The deal for the Minnesota-based insurance broker with $200 million in revenues marks the largest acquisition ever by Brown & Brown in its 75-year …

QBE, Arrowhead Partner on Small Commercial Insurance Program

Arrowhead General Insurance Agency has been selected as the program administrator for QBE North America’s small commercial insurance portfolio, consisting of property and casualty business accounts under $100,000 in premium. Effective July 1, agents will have access to a broader …

Brown & Brown to Acquire Morstan General Agency in New York

Brown & Brown Inc. announced Monday that it has agreed to acquire substantially all of the operating assets of Morstan General Agency Inc. and related companies based in Manhasset, New York. The transaction is expected to close in June 2016, …

OneBeacon Launches Coverage for Community Health Centers

OneBeacon Healthcare Group, a member of OneBeacon Insurance Group, has launched a new federally qualified community health clinics and providers policy, which provides additional protection for potential gaps in the coverage afforded to community health centers and providers under the …

Brown & Brown Acquires Assets of Florida-Based Bentrust Insurance Group

Brown & Brown of Florida, Inc., a subsidiary of Brown & Brown, Inc., has acquired certain assets of BenTrust, which includes Bentrust Financial, Inc. d/b/a Bentrust Insurance Group; Bentrust AIB, LLC, and Florida MGA, LLC d/b/a Delta Dental MGA, according …

Arrowhead General Insurance Agency Adds New All Risk Property Program in 50 States

San Diego, CA, October 19 2015 – Arrowhead General Insurance Agency, Inc. (Arrowhead), one of the largest program administrators in the country, announced today the addition of a new Commercial All Risk property insurance program with offices on both the …

Brown & Brown Revamps Retail Agency Division

Brown & Brown Inc. has realigned its of retail agency division into a more decentralized operating model with an eye toward increasing organic growth. Brown & Brown’s retail agency division will continue to operate as one division but, effective immediately, …

Brown & Brown Acquires RF Ougheltree & Associates in New Jersey

Brown & Brown Inc. announced that its wholesale brokerage division, Hull & Company, has acquired certain assets of RF Ougheltree & Associates LLC in Lyndhurst, New Jersey. Terms of the transaction were not disclosed. RF Ougheltree & Associates was founded …

Brown & Brown Acquires Assets of Strategic Benefit Advisors in Massachusetts

Brown & Brown Inc. announced today that its subsidiary Brown & Brown of Massachusetts LLC has acquired certain assets of Strategic Benefit Advisors Inc., a health and welfare benefit advisory and brokerage firm in Southborough, Massachusetts. Terms of the transaction …