Latest Brown & Brown Headlines
All the headlines from our Brown & Brown Topic Page, ordered by recency.
Brown & Brown Acquires Minnesota’s McNamara Company
Jun 7 2024 // Brown & Brown, Inc. announced it has acquired the assets of McNamara Company. McNamara Company is a family-owned agency that has been servicing customers in all 50 states for four generations. Established in 1970 in...
Brown & Brown Buys Citrus/CHAPP Agency in Florida
Apr 4 2024 // Brown & Brown Inc., the sprawling U.S. insurance brokerage based in Daytona Beach, has acquired Citrus Insurance and its affiliate, CHAPP Inc., which secures workers’ compensation coverage for citrus growers in...
Brown & Brown Acquires Assets of Northeast Dealer Services Firm, DealerMax
Mar 13 2024 // Insurance agency Brown & Brown announced that its dealer services division has acquired the assets of DealerMax. DealerMax, founded in 1982 by Jim Maxim, Sr. as Maxim Automotive, serves car dealer customers in...
Brown & Brown’s Lonmar Acquires Renewal Rights for Bloodstock Portfolio
Mar 7 2024 // Lonmar Global Risks, part of Bridge Specialty International, Brown & Brown Inc.’s International Wholesale and Specialty division, has acquired the renewal rights for a bloodstock portfolio from Norwich,...
Brown & Brown Acquires Texas’ Hillco Insurance
Mar 6 2024 // Brown & Brown announced that it has acquired the assets of Hillco Insurance. Hillco was established by Hunter Hill in the Dallas metropolitan area to serve the personal and commercial insurance needs of the expansive...
Brown & Brown’s Q4 Profit Jumps on Robust Growth in Fee, Investment Income
Jan 23 2024 // Insurance brokerage Brown & Brown reported an 85% surge in fourth-quarter profit to $268.6 million on Monday, helped by higher commissions and fees alongside better investment returns. The insurance industry typically...
Brown & Brown’s Bridge Specialty International to Buy Singapore-Based Broker Acorn
Jan 16 2024 // Brown & Brown Europe’s wholesale and specialty brokerage group, Bridge Specialty International, announced it has agreed to acquire Acorn International Network Pte Ltd., a Singapore-based insurance broker. The...
Brown & Brown Adds Caton-Hosey Agency in Florida
Jan 2 2024 // Florida-based Brown & Brown Insurance, ranked as the sixth-largest independent brokerage in the country, has acquired Caton-Hosey Insurance, a personal and business-lines agency in Port Orange, Florida. The agency was...
Brown & Brown Acquires Automotive Business Solutions in Colorado
Dec 8 2023 // Brown & Brown Dealer Services has completed the acquisition of Automotive Business Solutions. The ABS team will continue to be led by CEO Michael Cox from their current offices in Denver, Colorado. ABS is an...
Florida-based Brown & Brown Beats Expectations with Earnings, Dividends
Oct 25 2023 // Brown & Brown Inc. (BRO on NYSE) this week reported third-quarter earnings of $175.9 million. The Daytona Beach, Florida-based brokerage said it had net income of 62 cents per share. Earnings, adjusted for...
Brown & Brown Acquires Assets of Pacific Underwriters in Washington
Oct 17 2023 // A subsidiary of Brown & Brown Inc. has acquired substantially all of the assets of Pacific Underwriters. Following the acquisition, the Pacific Underwriters team will continue doing business from their existing...
Brown & Brown Q2 Earnings Beat Expectations
Jul 26 2023 // Florida-based Brown & Brown Inc. (BRO), a global insurance broker, reported second-quarter earnings of $190.4 million. The Daytona Beach company said it had profit of 67 cents per share. Earnings, adjusted for costs...
Brown & Brown to Acquire Wholesale Broker New England Excess Exchange
Jul 25 2023 // Florida-based global insurance broker Brown & Brown, Inc. has agreed to acquire Vermont-based wholesale broker New England Excess Exchange (NEEE). The acquisition will be through Bridge Specialty Group, the wholesale...
Brown & Brown Agrees to Buy UK Parent of Nexus Underwriting, Xenia Broking
May 24 2023 // Brown & Brown Inc., the Daytona Beach, Fla.-based broker, announced it has entered into an agreement to acquire Kentro Capital Ltd. in the UK. The transaction is expected to close in the fourth quarter of 2023, subject...
Brown & Brown Buys Brownlee Agency in Georgia
May 10 2023 // Brown & Brown has acquired Georgia-based Brownlee Agency, one of the oldest insurance agencies on Florida’s east coast. Terms of the deal were not disclosed, the companies said in a news release. Founded in 1974...
Brown & Brown Won’t Get Change of Venue in Coverage Gap Lawsuit by Property Firm
Feb 8 2023 // Daytona Beach-based Brown & Brown Insurance, often called one of the largest and fastest-growing insurance brokerages in the United States, has lost a round in its legal battle with one of its largest clients, a...
Brown & Brown Reports Q4 Net Income of $145M
Jan 25 2023 // Brown & Brown Inc. (BRO) on Monday reported fourth-quarter net income of $145.2 million. The Daytona Beach, Florida-based insurance brokerage said it had profit of 51 cents per share. Earnings, adjusted for...
Brown & Brown Dealer Services Buys Connecticut Auto Dealer F&I Firm
Nov 8 2022 // Brown & Brown Dealer Services has acquired Finance Builders, a Canton, Connecticut firm providing finance and insurance (F&I) products and sales support to auto dealers in Connecticut and Massachusetts. The Finance...
Brown & Brown’s Q3 Earnings Fail to Meet Analysts’ Expectations
Oct 28 2022 // Brown & Brown Inc. (BRO on the NYSE) on Monday reported third-quarter net income of $161.1 million. The Daytona Beach-based company, one of the largest insurance brokerages in the country, said it had a profit of 57...
Brown & Brown Acquires New England’s Smithwick & Mariners Insurance
Sep 14 2022 // Brown & Brown of Massachusetts has acquired Maine-based Smithwick & Mariners Insurance, which includes MidCoast Insurance and Chapman & Chapman Insurance. Originally founded in 1987 to service the marine...
