NU Online News Service, Feb. 2, 11:03 a.m. EST
Brown & Brown insurance brokerage said it has acquired the property and casualty business assets of Insurance Exchange Inc. of Albuquerque, N.M. Financial terms were not released.
The acquired assets, with annual revenues of approximately $2 million, comprise the selling entity's "Insurance Exchange" division, which has served the commercial and personal lines property and casualty insurance needs of clients throughout New Mexico since 1975, said Daytona Beach, Fla.-based Brown & Brown.
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