Brown & Brown Inc. said it has acquired the property-casualty insurance brokerage business of JPMorgan Insurance Agency Inc., a unit of the New York-based banking service. JP Morgan Chase & Co. Monetary terms were not disclosed.
The agency, located in Newark, Del., has annualized revenues of approximately $4 million and consists primarily of high-end clientele personal lines p-c business, B&B said.
The agency also specializes in responding to the needs of clients who require high value coverage for a broad range of residential and specialized, unique property, such as works of art, collectibles and jewelry.
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