Daytona Beach, Fla.-based insurance broker Brown & Brown announced two acquisitions, a reinsurance brokerage in Florida and an agency in Pennsylvania. Terms of the deals were not released.
In Florida, Brown & Brown acquired Stuart-based Evergreen Re Incorporated.
Evergreen Re places over $65 million in premium and provides consulting services for over $3 billion in pharmacy spending annually. The firm is a major health plan reinsurance broker with approximately $7.4 million in annualized revenues, B& B said.
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