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Daytona Beach, Fla.-based insurance broker Brown & Brown said it has acquired The Combined Group, a Texas-based managing general agency based in Carrollton, Texas. Terms of the deal were not released.

The Combined Group of Companies, with aggregate annualized revenues of approximately $12.6 million, has served the people and businesses of Texas for 18 years. The Combined Group companies primarily operate as managing general agencies which market, underwrite and administer risks for carriers. Their primary focus is in the areas of Texas nonsubscriber (workers’ compensation “opt-out” insurance) and small account standard lines and excess and surplus property, liability and package lines of business, primarily utilizing its proprietary Web-based QuoteExpress system.

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