Filed Under:Agent Broker, Commercial Business

Brown & Brown Acquires Moten Associates

NU Online News Service, April 20, 9:42 a.m. EDT

Daytona, Fla.-based insurance broker Brown & Brown says its subsidiary, Brown & Brown of Pennsylvania, Inc., has acquired Moten Associates of Norristown, Penn.

Terms of the transaction were not released.

With origins dating back to 1970, Moten Associates offers surety bonds, as well as a wide variety of property and casualty insurance products, to clients throughout the Delaware Valley and the eastern United States. The company has combined annual revenues of approximately $1.1 million.  

James “Jim” D. Toennies and Janet A. Toennies, the principals, and their staff will join Brown & Brown of Pennsylvania offices in Plymouth Meeting, Penn., under the leadership of Robert D. “Rob” Heller.

Top Story

Robert Benmosche, who led AIG in repaying bailout, dies at 70

The combative former chief executive officer of American International Group led the insurer, once the world’s largest, to repay a $182.3 billion taxpayer bailout.

Top Story

Information is power: Here's how agents can prepare for winter storm claims

You may live in an area with 20 inches of fresh snow on the ground, but it's business as usual and clients need to be serviced.

More Resources

Comments

eNewsletter Sign Up

Agent & Broker Insider eNewsletter

Proven success tips and essential information to help agents and brokers grow their practice – FREE. Sign Up Now!

Mobile Phone
         

Advertisement. Closing in 15 seconds.