Click on to learn the official press launch on investor.bbinsurance.com
DAYTONA BEACH, Fla., Aug. 09, 2019 (GLOBE NEWSWIRE) — J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc. (NYSE:BRO), and Alex H. Bell, II; Clarence (“Clay”) D. Robertson, Jr.; and John W. Wilson, Jr., the principals of WBR Insurance coverage Company, LLC, immediately introduced that Brown & Brown Insurance coverage Company of Virginia, Inc. has acquired considerably all the property of WBR Insurance coverage Company, LLC; Wilson Insurance coverage Company, Inc.; Bell Insurance coverage Company Company; and Robertson Insurance coverage Company, Co. (collectively, “WBR Insurance coverage”).
With roots relationship again to 1982, WBR Insurance coverage lately grew to become an unbiased insurance coverage dealer after working for many of its historical past as a part of Nationwide Mutual Insurance coverage Firm’s unique distribution mannequin. Headquartered in Virginia Seashore, Virginia, the agency provides all kinds of property and casualty insurance coverage merchandise to companies and people in Virginia and different states alongside the East Coast. Following the acquisition, the WBR Insurance coverage staff will function from their present workplace as a department location of Brown & Brown’s Norfolk, Virginia operations below the management of Invoice Strachan and David McIlravy, who at the moment function President and Govt Vice President of Brown & Brown Insurance coverage Company of Virginia, respectively.
Mike Keeby, a Regional President in Brown & Brown’s Retail Section who oversees sure operations in Virginia, acknowledged, “Alex, Clay, and John have leveraged their spectacular expertise and experience to construct one of many premier insurance coverage companies in Virginia Seashore. They’ve had nice success as an unique Nationwide company over time, and we’re excited to take this subsequent step collectively and welcome them to the Brown & Brown staff.”
Alex Bell commented, “When Nationwide determined to alter its distribution mannequin from an unique to unbiased company platform, we got down to discover a bigger unbiased accomplice that would serve the wants of our clients and worker staff members. Brown & Brown shares the identical values and dedication to customer support which have served us nicely since we fashioned our company. We’re so excited to change into a part of the Brown & Brown staff and to proceed assembly and exceeding our clients’ expectations.”
Brown & Brown, Inc. is a number one insurance coverage brokerage agency, offering threat administration options to people and companies. With Brown & Brown’s 80 years of confirmed success and hundreds of teammates, we provide data you’ll be able to belief and try to ship superior customer support. For extra data, please go to bbinsurance.com.
This press launch could comprise sure statements referring to future outcomes that are forward-looking statements, together with these related to this acquisition. These statements will not be historic details, however as an alternative characterize solely Brown & Brown’s present perception relating to future occasions, lots of which, by their nature, are inherently unsure and outdoors of Brown & Brown’s management. It’s potential that Brown & Brown’s precise outcomes and monetary situation could differ, presumably materially, from the anticipated outcomes and monetary situation indicated in these forward-looking statements. Additional data regarding Brown & Brown and its enterprise, together with components that doubtlessly may materially have an effect on Brown & Brown’s monetary outcomes and situation, in addition to its different achievements, is contained in Brown & Brown’s filings with the Securities and Change Fee. Such components embrace these components related to Brown & Brown’s consummation and integration of the introduced acquisition, together with any issues analyzed within the due diligence course of, and materials hostile modifications within the enterprise and monetary situation of the vendor, the customer, or each, and their respective clients. All forward-looking statements made herein are made solely as of the date of this launch, and Brown & Brown doesn’t undertake any obligation to publicly replace or right any forward-looking statements to mirror occasions or circumstances that subsequently happen or of which Brown & Brown hereafter turns into conscious.
R. Andrew Watts
Chief Monetary Officer
Supply: Brown & Brown, Inc.