Reinsurance News
Brown & Brown
Brown & Brown’s Q2 net income up 4.5% to $96.8mn
28th July 2020
Insurance brokerage Brown & Brown, Inc. has reported a 4.5% rise in net income in the second-quarter of 2020 to $96.8 million, while organic revenue increased by 0.5% in the period. Overall, the broker has reported revenues of $598.8 million in the second-quarter of 2020, which is a jump of $23.6 ... Read the full article
Brown & Brown Q1 organic revenue up 5.6%
28th April 2020
Insurance brokerage Brown & Brown, Inc. has reported a 5.6% growth in organic revenue during the first quarter of 2020, while also outlining measures to prepare for the impact of the COVID-19 pandemic. The company expects to borrow $250 million on its existing revolving line of credit to use for additional ... Read the full article
Brown & Brown’s organic revenues up in Q4 & full-year 2019
28th January 2020
Insurance brokerage Brown & Brown, Inc. has reported an increase in revenues for both the fourth-quarter and full-year 2019, of $579 million and $2.4 billion, respectively. Reported revenues are under U.S. generally accepted accounting principles (GAAP) and represent growth of 13.8% and 18.8% for Q4 and the full-year, respectively, when compared ... Read the full article
Brown & Brown acquires MGA Texas All Risk
20th January 2020
A subsidiary of insurance brokerage Brown & Brown, Inc., Hull & Company, LLC, has acquired the assets of Texas All Risk, a managing general agent (MGA) for independent retail insurance agencies. Texas All Risk places a broad range of P&C insurance for businesses and individuals in Texas, Louisiana, and also Oklahoma. Once ... Read the full article
Brown & Brown completes takeover of Canada MGA Special Risk
10th January 2020
Insurance brokerage firm Brown & Brown, Inc. has completed its acquisition of Canada domiciled managing general agent (MGA), Special Risk Insurance Managers, Ltd. First announced last month, Brown & Brown said that the acquisition is an important step towards its establishment of a presence in the Canadian insurance brokerage sector. Going ... Read the full article
Brown & Brown’s P. Barrett Brown promoted to President of Retail
8th January 2020
P. Barrett Brown has been appointed as an Executive Vice President and President of Brown & Brown, Inc.'s Retail segment, effective immediately. Most recently, Brown served as a Senior Vice President and a Regional President in the firm's Retail segment. He joined the company in 2000 and has held a number of ... Read the full article
Brown & Brown eyes Canadian broker market with Special Risk acquisition
11th December 2019
Insurance brokerage firm Brown & Brown, Inc. has announced an agreement to acquire the assets of Canada domiciled MGA, Special Risk. Brown & 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 ... Read the full article
Brown & Brown recruits Arrowhead exec from Zurich
1st November 2019
Insurance brokerage Brown & Brown has announced the appointment of David Putz as Executive Vice President of Arrowhead General Insurance Agency. Putz will also take up a leadership position within Brown & Brown’s National Programs Division. He joins the company from Zurich Insurance North America, where he most recently served as head ... Read the full article
Brown & Brown posts Q3 revenue growth
29th October 2019
Insurance brokerage Brown & Brown has reported $619.7 million in revenues for the third quarter, up 16.5% against the prior year quarter. The firm also revealed an increase of commissions and fees by 16.5%, while organic revenue was up by 3.4%. Meanwhile net income for the quarter stands at $115.6 million, a ... Read the full article
Brown & Brown’s revenues and net income up in 2019
23rd July 2019
Brown & Brown, Inc. has announced revenues for the second-quarter of 2019 of $575.2 million, an increase of almost 22% on the same period in 2018, driven by recent acquisitions, solid organic growth and margin expansion. The firm has announced that commissions and fees jumped by more than 21% year-on-year, while ... Read the full article
Brown & Brown acquires Innovative Risk and LSI Lender
16th July 2019
Brown & Brown, Inc. subsidiaries, Brown & Brown Metro, LLC and Brown & Brown of Kentucky, Inc., have acquired substantially all of the assets of Innovative Risk Solutions, Inc. (Innovative) and LSI Lender Services, LLC (LSI), respectively. The acquisition of Innovative was announced by Brown & Brown, Inc.'s Chief Acquisitions Officer, ... Read the full article
Beecher Carlson acquires retail estate broker Pipino
18th February 2019
Beecher Carlson, a subsidiary of Insurance brokerage Brown & Brown, has acquired certain assets of Donald P. Pipino Company (Pipino). The portion of the Pipino’s operations acquired by Brown & Brown has annual revenues of roughly $11 million. Pipino is a real estate risk management and insurance firm led by Mary Pipino ... Read the full article
Brown & Brown acquires Rodman Insurance Agency
13th November 2018
Insurance brokerage Brown & Brown, Inc. has announced that it has acquired substantially all of the assets of Rodman Insurance Agency, Inc., a specialist provider of property and casualty insurance solutions and services to the commercial sector. The deal was announced by Brown and Brown's Chief Acquisitions Officer, Scott Penny, and ... Read the full article
Brown & Brown to acquire U.S broker Hays Companies
22nd October 2018
Brown & Brown, Inc. has announced that it has entered into an agreement to acquire Hays Companies, a broker that operates across 21 U.S states, for an undisclosed consideration. Headquartered in Minneapolis, Hays Companies has an annualised revenue of approximately $200 million and focuses on risk management, commercial insurance, employee benefits, ... Read the full article
Brown & Brown acquires disability insurance services firm, PDA
18th July 2018
Brown & Brown has announced that its wholly owned subsidiary, The Advocator Group, has acquired Professional Disability Associates, LLC (PDA), a disability services company and provider of specialty claims management services. PDA has annual revenues of approximately US $15 million, and its services include medical file review, vocational services, and claim ... Read the full article
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