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.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.