Insurance broker Brown & Brown, headquartered in Daytona Beach, Fla., announced two acquisitions: Lloyd Bennett & Company Inc. in Duluth, Ga., and Independent Insurance Associates Inc. of New Orleans. Transaction terms were not released.
Lloyd Bennett & Company's commercial property-casualty is a retail commercial insurance agency serving clients in Georgia. It has reported annualized revenues of approximately $3 million.
Leo Dwyer, Lloyd Bennet's chief executive officer and the firm's staff will join Brown & Brown's existing Atlanta area office. The Atlanta operation will move to the Duluth location.
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