NU Online News Service, July 2, 11:46 a.m. EDT

Daytona Beach, Fla.-based insurance broker Brown & BrownInc. said its subsidiary, Brown & Brown of South Carolina Inc.has acquired Charleston, S.C.-based insurance broker CommonwealthInsurance Group, LLC. Financial terms of the transaction were notreleased.

Founded in 1996 by Todd R. Tyler, Commonwealth Insurance Group,with annual revenues of about $2.6 million, provides commercialproperty and casualty, group employee benefits, and workplacesafety and wellness products and services to businesses andorganizations in South Carolina and throughout the UnitedStates.

The agency's proprietary risk and benefit management process,RECON 365, helps clients assess their current situation andevaluating future needs.

Todd R. Tyler, Matthew M. Moore and Christopher C. Cook,principals of Commonwealth Insurance and staff will remain in theircurrent office. Brown & Brown of South Carolina will move intoand combine with Commonwealth Insurance's existing office in NorthCharleston under the leadership of Mr. Tyler, the company said.