Itasca, Ill.-based insurance broker Arthur J. Gallagher says it is expanding its excess and surplus-lines business into Louisiana with the acquisition of First Premium Insurance Group Inc.
Itasca, Ill.-based insurance broker Arthur J. Gallagher says it is expanding its excess and surplus lines business into Louisiana with the acquisition of First Premium Insurance Group, Inc.
Daytona Beach, Fla.-based insurance broker Brown & Brown reported fourth quarter net income increased 14 percent over the prior year as the firm reported over $1 billion in revenue for the first time.
The chief executive of Daytona, Fla.-based insurance brokerage firm Brown & Brown stepped down from his post for health reasons, and his father has taken the leadership reins once again.
Brown & Brown has acquired Independent Pharmaceutical Consultants, strengthening its benefits division, while Arthur J. Gallagher says it acquired a South Carolina agency with roots dating back more than 70 years.
Brown & Brown broke with its tradition of acquiring small accounts to announce it will purchase managing general agency Arrowhead General Insurance for $400 million.