Brown & Brown, Inc. Enters Into Agreement to Acquire Loan Protector Insurance Services
Brown & Brown, Inc. (BRO)
Last brown & brown, inc. earnings: 4/27 05:00 pm
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Source: GlobeNewswire
DAYTONA BEACH, Fla., March 10, 2020 (GLOBE NEWSWIRE) -- J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc. (NYSE:BRO), and Dennis and Dawn Swit, the owners of LP Insurance Services LLC (“Loan Protector”), today announced that Brown & Brown, Inc. (Brown & Brown) has entered into an agreement to acquire the assets of Loan Protector. The transaction is expected to close in April 2020, subject to certain closing conditions. For over 40 years, Loan Protector Insurance Services has focused on lender placed insurance and insurance tracking services for the mortgage servicing industry. Dennis Swit has been a leader at Loan Protector for 25 years, most recently as owner and CEO. Loan Protector will continue to operate from its headquarters in Cleveland, Ohio, led by Dennis. Chris Walker, President of Brown & Brown National Programs, stated, “Dennis and the Loan Protector team are recognized industry leaders in the lender placed insurance space. Mike Cox and our Proctor Finan
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