Brown & Brown Acquires South Carolina’s Commonwealth Insurance

Insurance agency Brown & Brown Inc. has acquired Commonwealth Insurance Inc., of Charleston, South Carolina.

Founded in 1996 by Todd R. Tyler, Commonwealth Insurance Group, with annual revenues of approximately $2.6 million, provides commercial property/casualty, group employee benefits, and workplace safety and wellness products and services to businesses and organizations in South Carolina and throughout the country. The agency’s proprietary risk and benefit management process, RECON 365, assists clients in assessing their current situation and evaluating their future needs.

In coordination with Brown & Brown of South Carolina’s Vice President, Richard K. Hawkins, Brown & Brown of South Carolina’s existing Charleston office will move into and combine with Commonwealth Insurance Group’s existing office in North Charleston, under the leadership of Tyler.

Brown & Brown has announced several agency acquisitions in the past week, including one in New York and one in Georgia. In May, the Florida firm acquired four retail insurance agencies in central and southeastern Connecticut with combined revenues of $7.2 million.

Topics Mergers & Acquisitions South Carolina