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NU Online News Service, July 2, 11:46 a.m. EDT

Daytona Beach, Fla.-based insurance broker Brown & Brown Inc. said its subsidiary, Brown & Brown of South Carolina Inc. has acquired Charleston, S.C.-based insurance broker Commonwealth Insurance Group, LLC. Financial terms of the transaction were not released.

Founded in 1996 by Todd R. Tyler, Commonwealth Insurance Group, with annual revenues of about $2.6 million, provides commercial property and casualty, group employee benefits, and workplace safety and wellness products and services to businesses and organizations in South Carolina and throughout the United States.

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