Brown & Brown Acquires Emerald Benefits Inc.

Brown & Brown Inc., with headquarters in Daytona Beach, Fla. has announced the acquisition of retail insurance agency Emerald Benefits Inc. of Weston, Fla.

Emerald Benefits, with annualized revenues of approximately $3.8 million, is a specializes in employee benefits needs of companies and individuals throughout South Florida. The agency will be a new freestanding Brown & Brown profit center, with Salvatore Capano, vice president of Emerald Benefits as profit center manager.

“We are quite pleased to have Capano and his staff join Brown & Brown,” Thomas E. Riley, regional president said. “This talented team of insurance professionals provides us with expanded resources and service capabilities in the employee benefits arena and will further enhance our South Florida presence.”

Baruch “Bruce” Levy, Emerald Benefits president said, “Our organizations share a culture of caring for employees, integrity and commitment to excellence. Brown & Brown is a premier national insurance organization and I believe our respective operations line up exactly. Joining with Brown & Brown, with its national presence, allows us access to property-casualty liability insurance markets, a great number of insurance companies, reinsurance and risk management, third- party administration and managed health care programs. It greatly enhances our ability to offer the very best from the insurance marketplace to both our Florida and national clients.

“Emerald Benefits will be the employee benefits hub for Brown & Brown in South Florida,” he said. “Our management structure, operations, corporate identity, and location will remain largely unchanged. Our model has been successful for the past decade, Brown & Brown recognized it, and together we will continue to be a leader in our industry.”

Brown & Brown, Inc. and its subsidiaries offer a broad range of insurance and reinsurance products and services, as well as risk management, third-party administration, and managed health care programs.

Topics Florida Mergers & Acquisitions Employee Benefits