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Stock impact report

Brown & Brown buys Irvine Commercial Insurance [Yahoo! Finance]

Brown & Brown, Inc. (BRO) 
Last brown & brown, inc. earnings: 4/27 05:00 pm Check Earnings Report
US:NYSE Investor Relations: brown.edu
Company Research Source: Yahoo! Finance
The financial terms of the deal have not been disclosed, and the acquisition has received the necessary regulatory approvals. Irvine was founded in the early 2000s by directors John Townsley and Matthew Finch. It offers insurance products including motor fleet, commercial combined, combined liability and contractors all risks across the Midlands region. Commenting on the deal, Townsley said: “We are excited to join forces with Brown & Brown Retail Lutterworth, which will allow us to leverage the group's extensive resources and capabilities, enabling us to provide even greater value to our customers while maintaining our commitment to personalised service.” Finch added: “Joining the Brown & Brown team marks a significant milestone for our company. We look forward to the opportunities that lie ahead, which will benefit both our customers and our dedicated team.” Townsley and Finch, along with their staff, will continue their operations from the current Kenilworth location. Show less Read more
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