Key Developments: Brown & Brown Inc (BRO)
32.54USD
24 May 2013
$-0.35 (-1.06%)
$32.89
$32.76
$32.76
$32.39
439,588
863,213
$32.98
$24.71
Latest Key Developments (Source: Significant Developments)
Brown & Brown Inc Enters Into Agreement To Acquire Beecher Carlson Holdings Inc.
Brown & Brown Inc announced that it has entered into a merger agreement to acquire Beecher Carlson Holdings, Inc. (Beecher Carlson), an insurance and risk management broker with operations that include retail brokerage, program management and captive management, from Austin Ventures, FSPM and a group of individual employee and non-employee equityholders. The transaction is expected to close in July of 2013 and is subject to customary closing conditions, including regulatory approval. The transaction will be a cash acquisition and is not subject to financing conditions. Full Article
Brown & Brown Inc Announces Quarterly Cash Dividend
Brown & Brown Inc announced that the Board of Directors has declared a regular quarterly cash dividend of $0.09 per share. The dividend is payable on May 15, 2013, to shareholders of record on May 1, 2013. Full Article
Everest Re Group Ltd's Everest Security Insurance Company Announces Strategic Alliance With Brown & Brown, Inc's Arrowhead General Insurance Agency
Everest Re Group Ltd announced that wholly owned primary insurance subsidiary, Everest Security Insurance Company, (ESIC) has entered into a definitive agreement with Arrowhead General Insurance Agency, Inc., a subsidiary of Brown & Brown, Inc., whereby ESIC will transfer certain assets associated with non-standard automobile business to Arrowhead. Effective April 1, 2013, all of ESIC's employees will become employees of Arrowhead and Everest will become the exclusive underwriter of the combined non-standard automobile book of business for Arrowhead. Full Article
Brown & Brown Inc Announces Quarterly Cash Dividend
Brown & Brown Inc announced that the Board of Directors has declared a regular quarterly cash dividend of $0.09 per share. The dividend is payable on February 13, 2013 to shareholders of record on January 30, 2013. Full Article
Brown & Brown Inc's Subsidiary Announces the Asset Acquisition of Gilbert RV Insurance, Inc.
Brown & Brown Inc announced that Brown & Brown of Kentucky, Inc., a subsidiary of Brown & Brown, Inc., has acquired certain assets of Gilbert RV Insurance. Gilbert RV Insurance provides personal lines property and casualty insurance products and warranty products for recreational vehicles, including RVs, trailers, boats, motorcycles and other power sport vehicles. Financial terms and conditions were not disclosed. Full Article
Brown & Brown Inc's Brown & Brown of New York, Inc Announces Asset Acquisition of Rowlands & Barranca Agency, Inc.
Brown & Brown Inc announced the acquisition of certain assets of RBA by Brown & Brown of New York, Inc., subsidiary of the Company. Terms of the transaction were not disclosed. Full Article
Brown & Brown Inc's Brown & Brown of Washington, Inc. Announces Asset Acquisition of Edgren Hecker & Lemmon Insurance, Inc. Bro.n
Brown & Brown Inc Edgren Hecker & Lemmon Insurance, Inc. (EHL),announced that Brown & Brown of Washington, Inc., a subsidiary of Brown & Brown, Inc., has acquired certain assets of EHL. EHL is a full-service retail insurance agency serving clients throughout Washington and other states. The company has annual revenues of approximately $3.0 million. Following the transaction, the existing leadership and service team will remain intact and will continue to serve EHL's valued clients out of its Poulsbo and Port Angeles, Washington offices under the leadership of Richard G. Hecker. Terms of the transaction were not disclosed. Full Article
Brown & Brown Inc's Brown & Brown of Florida, Inc. Announces Asset Acquisition Of Behnke & Associates, Inc.
Brown & Brown Inc announced that Brown & Brown of Florida, Inc., a subsidiary of Brown & Brown, Inc., has acquired certain assets of Behnke & Associates. Founded in 1995, Behnke & Associates specializes in providing personal lines property and casualty insurance products to clients throughout South Florida. As part of this transaction, Behnke & Associates' Hollywood office will join Brown & Brown of Florida's existing Miami Lakes office, and Behnke & Associates' Pembroke Pines office will continue to operate from its existing location. Going forward, Mark Introcaso will supervise the day-to-day operations of the Behnke & Associates team in both locations under the leadership and direction of Colin E. Lowe. Terms of acquisition were not disclosed. Full Article
Brown & Brown Inc's Subsidiary Acquires Assets Of Johnson & Strachan, Inc
Brown & Brown Inc announced the acquisition of certain assets of Johnson & Strachan, Inc (JSI) by a subsidiary of Brown & Brown, Inc. Following the transaction, the acquired JSI operations will combine with Brown & Brown's existing office in Manassas, Virginia, under the leadership of Bill Strachan. Terms of the transaction were not disclosed. Full Article
Brown & Brown, Inc. Announces Quarterly Cash Dividend
Brown & Brown, Inc. announced that the Board of Directors has declared a regular quarterly cash dividend of $0.085 per share. The dividend is payable on August 15, 2012, to shareholders of record on August 8, 2012. Full Article
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