Brown & Brown Inc. News

Beecher Carlson Hires Aon Exec Martin as Managing Director in New York

Beecher Carlson Insurance Services LLC, a specialized large account insurance brokerage in Atlanta, has hired Allyson Martin as managing director. She is based in Beecher Carlson’s New York office. Martin most recently served as senior vice president at Aon Risk …

Axiom RE Acquires Assets of Axia Strategies in Minnesota

Burlington, N.C.-based Axiom Re LP, an indirect subsidiary of Brown & Brown Inc., has acquired certain assets of Axia Strategies Inc. in Minnesota. Following the transaction, Axia’s principals and their team will continue to serve their clients from Axia’s existing …

Brown & Brown Reports Record 4Q Net Income of $47.2M

Florida-based broker Brown & Brown Inc. recently announced results for fourth quarter of 2013, including a 10.8 percent increase in net income to a record $47.2 million, compared with $42.6 million for the same quarter of 2012. Total revenue for …

A.M. Best Reviewing Wright National Flood Insurance Co.

Ratings agency, A.M. Best, has placed under review with developing implications the financial strength rating of A- (Excellent) and issuer credit rating of “a-” of Wright National Flood Insurance Co. (WNFIC) of San Antonio, Texas. These rating actions follow the …

Brown & Brown Acquires Assets of Claims Firm ICA

Brown & Brown Inc. has acquired certain assets of insurance claims adjusting firm ICA Inc., based in Charlotte, North Carolina, Terms were not disclosed. With annualized net revenues of approximately $13.2 million, ICA provides insurance claims adjusting and related services, …

Beecher Carlson Names Lee Vice President in Las Vegas

Beecher Carlson named Scott Lee vice president in its Las Vegas office. Lee is responsible for risk analysis, program design and delivery of Beecher Carlson services and resources. He reports to Brad Darr, senior managing director. Lee has more than …

Brown & Brown Expands ECC Brand, Names Division CEO

Florida-based national insurance agency Brown & Brown Inc. and its wholly-owned subsidiary, ECC Insurance Brokers Inc., announced that its excess-and-surplus lines professional liability products will now be marketed and sold under the ECC brand countrywide. Brown & Brown also announced …

Brown & Brown Acquires Behnke & Associates in South Florida

Florida-based national insurance brokerage Brown & Brown Inc. announced this month asset acquisitions of Behnke & Associates Inc., an independent insurance agency located in South Florida.Founded in 1995, Behnke & Associates specializes in providing personal lines property/casualty insurance products to …

Brown & Brown Names Downs, Lydecker to Top Posts

Florida-based insurance agency Brown & Brown Inc., one the country’s biggest, has named Linda S. Downs, currently regional president, as chief operating officer and named Charles H. Lydecker to the newly-created position of president of the company’s retail division, which …

Brown & Brown Acquires Insurcorp Assets

Brown & Brown Insurance of Nevada Inc., a subsidiary of Brown & Brown Inc., has acquired certain assets of Insurcorp and Maalouf Benefit Resources, which recently combined under the name Insurcorp. Following the transaction, Insurcorp’s operations will be combined with …