Reinsurance News

Brown & Brown eyes Canadian broker market with Special Risk acquisition

11th December 2019 - Author: Luke Gallin

Insurance brokerage firm Brown & Brown, Inc. has announced an agreement to acquire the assets of Canada domiciled MGA, Special Risk.

handshakeBrown & Brown says that the acquisition of Special Risk is an important step towards its establishment of a presence in the Canadian insurance brokerage sector.

Following the completion of the transaction, which is expected to close on January 1st, 2020, subject to closing conditions, Special Risk will operate as part of Brown & Brown National Programs, which, is comprised of more than 60 specialty niche programs and which is led by Chris Walker.

The Special Risk team will continue to be led by Mark Woodall, who will also form part of the leadership team of the National Programs Division, reporting to Walker. Furthermore, Tom Willie will remain as the leader of Special Risk’s underwriting team.

Commenting on the acquisition, Walker said: “We are delighted to bring Mark, Tom and their exceptional team of professionals to our operation. We are excited about the opportunities in Canada and believe with Special Risk we now have the talent, reputation and platform to succeed.”


Woodall added: “I see this partnership as an exceptional marketing advantage going forward for Special Risk. Brown & Brown will bring us new major insurer opportunities, enhanced Lloyd’s relationships and new and innovative products to offer our retail broker network. We are very excited about our future within Brown & Brown National Programs.”

Print Friendly, PDF & Email

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous post:
TWIA projects higher reinsurance costs for 2020 renewal

The Texas Windstorm Insurance Association (TWIA) has said that it expects its reinsurance costs to amount to $93.1 million in...