brown & brown News

Brown & Brown Subsidiary Acquires Hall-Wright General Agency

Brown & Brown Inc., through its subsidiary, Texas Security General Insurance Agency Inc., has acquired Hall-Wright General Agency Inc. (Hall-Wright) and related affiliate companies. With origins dating back to 1971, Hall-Wright is a managing general agency with annual revenues of …

Brown & Brown Sells Reinsurance Broker Axiom Re to Beach Re

Brown & Brown Inc. sold certain assets of one of its subsidiaries, Axiom Re, to Beach Re Limited effective December 31, 2014. Axiom Re is a reinsurance brokerage operation based in North Carolina with approximate annual revenues of just under …

Brown & Brown Promotes Freebourn to Additional Post of People Officer

Florida-based insurance intermediary Brown & Brown Inc. has promoted Richard A. Freebourn, Sr. to the position of People Officer. In addition to leading internal operations and internal audit for the company, Freebourn will assume the additional duties in the traditional …

Brown & Brown Names Abernathy Senior VP of Wholesale Unit

Florida-based insurance intermediary Brown & Brown Inc. has appointed J. Neal Abernathy as a senior vice president of its wholesale division. Abernathy will continue to serve as chairman of Decus Insurance Brokers Ltd., the London brokerage operation Brown & Brown …

Brown & Brown Acquires Assets of Gaston & Associates in New York

Brown & Brown of New York Inc., a subsidiary of Brown & Brown Inc., said it acquired certain assets of Gaston & Associates Inc. in Mount Kisco, N.Y. Terms were not disclosed. With origins dating back to 1895, Gaston & …

Brown & Brown Completes Acquisition of Wright Insurance Group

Brown & Brown Inc. said it has completed its acquisition of specialty and flood insurance company The Wright Insurance Group, LLC. In January, Florida-based national insurance broker Brown & Brown said it would acquire TWIG for $602.5 million from Aquiline …

Brown & Brown Buys 2 Florida Agencies Targeting RV Market

Insurance agency Brown & Brown has acquired the assets of two agencies specializing in the recreational vehicle market. The businesses acquired are Agency Management Corp. (AMC) and its affiliate, Recreational Protection Management Inc. (RPI), both of Bradenton, Florida, and both …

Brown & Brown to Acquire Flood, Specialty Insurer The Wright Group

Florida-based national insurance broker Brown & Brown, Inc. has agreed to acquire The Wright Insurance Group, LLC for $602.5 million from Aquiline Capital Partners, Wright’s lead equity partner. The Wright Insurance Group (TWIG), with $114 million in revenues, is a …

Brown & Brown CFO Cory Walker to Retire in March 2014

Daytona Beach, Fla.-based brokerage Brown & Brown Inc. announced that Cory T. Walker, who has been serving as senior vice president, treasurer and chief financial officer, will retire from the firm effective in March 2014. Brown & Brown also announced …

Brown & Brown Completes Beecher Carlson Acquisition

Brown & Brown Inc. said it has completed the previously-announced acquisition of Beecher Carlson Holdings Inc. In May, Florida-based Brown & Brown Inc. said it would buy the retail brokerage, program management and captive management business of Georgia-based Beecher Carlson …