NU Online News Service, July 2, 11:46 a.m. EDT
Daytona Beach, Fla.-based insurance broker Brown & Brown Inc. said its subsidiary, Brown & Brown of South Carolina Inc. has acquired Charleston, S.C.-based insurance broker Commonwealth Insurance Group, LLC. Financial terms of the transaction were not released.
Founded in 1996 by Todd R. Tyler, Commonwealth Insurance Group, with annual revenues of about $2.6 million, provides commercial property and casualty, group employee benefits, and workplace safety and wellness products and services to businesses and organizations in South Carolina and throughout the United States.
The agency's proprietary risk and benefit management process, RECON 365, helps clients assess their current situation and evaluating future needs.
Todd R. Tyler, Matthew M. Moore and Christopher C. Cook, principals of Commonwealth Insurance and staff will remain in their current office. Brown & Brown of South Carolina will move into and combine with Commonwealth Insurance's existing office in North Charleston under the leadership of Mr. Tyler, the company 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.
