Brown & Brown, Inc. Expands Services with Accession Acquisition
Brown & Brown, Inc. Finalizes Acquisition of Accession Risk Management Group
In a significant move to broaden its service portfolio, Brown & Brown, Inc. (NYSE: BRO) has successfully completed the acquisition of RSC Topco, Inc., the parent company for Accession Risk Management Group, Inc. This strategic acquisition aligns with the firm’s objective of expanding its national footprint and enhancing the quality of services offered to its clientele.
About Brown & Brown, Inc.
Founded in 1939, Brown & Brown, Inc. stands as a prominent player in the insurance brokerage sector, offering customized insurance solutions and a diverse range of services. The company's expansive network includes over 700 locations and a workforce exceeding 23,000 professionals dedicated to providing innovative and scalable strategies. Such a vast resource base enables the company to effectively address the unique needs of its diverse clientele.
Benefits of the Acquisition
With the incorporation of Accession into its operations, Brown & Brown, Inc. aims to leverage Accession's expertise in risk management solutions. The acquisition is expected to enhance strategic resources, providing clients with comprehensive insurance options tailored to their specific needs. This move not only diversifies Brown & Brown’s service offerings but also reinforces its commitment to delivering exceptional value to customers.
Enhanced Expertise and Innovations
The integration of Accession’s capabilities is poised to introduce innovative strategies that support both existing customers and new clients. By enhancing the firm’s risk management services, Brown & Brown can assist businesses in navigating complex insurance landscapes while minimizing exposure to potential risks.
Corporate Vision and Values
Brown & Brown, Inc. maintains a customer-centric philosophy, focusing on tailoring solutions based on each client’s unique requirements. As part of their core values, they emphasize transparency, professionalism, and integrity in all aspects of their operations. The acquisition of Accession aligns perfectly with their vision of continued growth and exceptional service delivery.
A Broader Reach in Risk Management
Through the merger, Brown & Brown, Inc. is set to accelerate the development of sophisticated risk management solutions. The integration is a pivotal step toward solidifying the firm’s position as a leader in the insurance brokerage industry. Clients can look forward to enhanced service delivery built on the shared expertise of both entities.
Looking Ahead
As Brown & Brown, Inc. integrates Accession into its framework, the company is optimistic about the prospects ahead. This acquisition not only strengthens their competitive edge but also prepares them for future growth opportunities within the insurance market. Stakeholders can anticipate continued innovations that reflect the evolving demands of their client base.
Contact Information
For more details or inquiries regarding the acquisition or services offered, prospective and existing clients can reach out to:
Investors
R. Andrew Watts
Chief Financial Officer
(386) 239-5770
Media Inquiries
Media
Jenny Goco
Director of Communications
(386) 333-6066
Frequently Asked Questions
What was the reason behind Brown & Brown's acquisition of Accession?
The acquisition aims to enhance service offerings and broaden market reach in risk management solutions.
How does the acquisition affect existing clients?
Clients can expect improved services and innovative solutions tailored to their unique needs following the integration of Accession's expertise.
When was the acquisition finalized?
The acquisition was recently completed, marking a significant milestone in Brown & Brown's expansion strategy.
Who can I contact for more information about the acquisition?
For inquiries, you can contact R. Andrew Watts, CFO at (386) 239-5770 or Jenny Goco, Director of Communications at (386) 333-6066.
What does this mean for Brown & Brown's future operations?
The acquisition is expected to drive growth and innovation, solidifying Brown & Brown, Inc.'s leadership position in the insurance brokerage sector.
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