Daytona Beach, Fla.-based insurance broker Brown & Brown Inc. announced it has made two agency acquisitions and will pay a quarterly dividend of 7 cents a share.
Brown & Brown said it acquired Smith-Peabody-Stiles Insurance Agency Inc. and Diversified Insurance Brokerage Group Inc. Terms of the deals were not released.
Brown & Brown said Smith-Peabody-Stiles has annualized revenues of approximately $5 million. The agency was founded in 1919 in Fenton, Mich., and has two offices today in Fenton and Brighton, Mich. The firm specializes in property and casualty, surety bonding, life, health and employee benefits.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
