Daytona Beach, Fla.-based insurance broker Brown & Brown Inc. said its wholesale subsidiary Hull & Company Inc. has acquired two excess and surplus lines firms from a New Jersey broker.
The firms being acquired are Market Solution Managers Inc. of New York and Princeton Risk Managers Inc. of Princeton, N.J. Both are E&S subsidiaries of Short Hills, N.J.-based broker Bollinger Inc. Terms of the deal were not released.
Market Solution Managers and Princeton Risk Managers have combined annualized net revenues of approximately $1.6 million. The two serve the E&S insurance needs of agents located primarily in the northeastern United States.
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