Brown & Brown Acquires Conn. Agency
NU Online News Service, Feb. 3, 10:44 a.m. EST?Insurance broker Brown & Brown Inc., based in Daytona Beach, Fla., has acquired Blumberg Associates Inc., of West Hartford, Conn., for terms that were not disclosed.[@@]
Blumberg is a retail insurance agency providing both commercial property-casualty and employee benefits products and services. The agency, with annualized revenue of approximately $2 million, serves clients throughout New England. Brown said the agency's operations would be combined with the firm's existing Newington, Conn., operations.
The transaction was completed Feb. 1, Brown said.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
