Brown & Brown, Inc., the insurance brokerage firm, has agreed to acquire the assets of Caton-Hosey Insurance. The Caton-Hosey team will continue operating from their office in Port Orange, Florida under the leadership of Rex, Barbara Caton, and John Hosey.
As confirmed by both J. Scott Penny, Chief Acquisitions Officer, and Rex Caton and John Hosey, the owners of Caton-Hosey Insurance, the transaction is expected to close in early January 2024, subject to certain closing conditions.
Barrett Brown stated, “We are very pleased to welcome Rex, John, Barbara and the Caton-Hosey team as Brown & Brown teammates. From the time when Hyatt Brown and Richard Caton ran their respective firms, we have been friendly competitors and share a mutual respect that we each focus on customers first in delivering results.
“Rex and John will work with Steve Farmer and Brown & Brown to access additional resources and opportunities for Caton-Hosey to continue to deliver positive insurance results for their customers. We look forward to our future together.”
Caton-Hosey has shared roots with Brown & Brown in the Florida insurance market dating back to 1948 with the founding of Caton Insurance in Volusia County.
Throughout the 75-year history of the firm, Caton Hosey has been a fixture in central Florida providing insurance solutions for individual and commercial customers.
Rex Caton added, “The future is bright transitioning our company to become part of the Brown & Brown organization. My dad, Richard Caton, would be proud that we are joining with his longtime friend, Hyatt Brown. We bring an excellent team along with John Hosey’s additional leadership to the Brown family and Brown & Brown Insurance.”
