Brown & Brown Inc. has made a significant strategic move by agreeing to acquire RSC Topco Inc., the holding company of Accession Risk Management Group Inc., for a whopping $9.825 billion. This acquisition marks a pivotal moment for Brown & Brown, as it solidifies their presence in the middle-market insurance sector.
Accession Risk Management Group Inc. is the ninth largest privately held insurance brokerage in the United States, making this acquisition a key milestone for Brown & Brown. The deal is expected to provide Brown & Brown with increased clout in the middle-market segment, further enhancing their competitive position in the industry.
According to Brown & Brown’s chief executive officer, this acquisition will enable the company to expand its offerings and better serve its clients with a broader range of insurance solutions. The deal highlights Brown & Brown’s commitment to growth and innovation in the insurance sector, positioning them as a key player in the market.
The $9.825 billion acquisition of Accession Risk Management Group Inc. by Brown & Brown is a testament to the company’s ambitious growth strategy and dedication to providing top-notch insurance services to its clients. This move is set to have a significant impact on the insurance industry landscape and solidify Brown & Brown’s position as a leading player in the market.
References:
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– Insurance Age: https://www.insuranceage.co.uk/broker/7956773/brown-brown-announces-major-acquisition
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