Dayton Beach, Fla.-based insurance brokerage Brown & Brown Inc. has acquired Island Risk Management Associates Inc. of Huntington Station, N.Y. Monetary arrangements were not disclosed.
Island Risk Management Associates, with annualized revenues of approximately $4.3 million, is primarily engaged in property-casualty, surety, and group benefits insurance on Long Island and throughout the New York City metropolitan area, Brown & Brown said.
Theodore L. "Ted" Walsh, Island Risk's chief executive officer; John R. Van Son, president; and their team of insurance professionals will continue to operate from their current Long Island location as a free-standing Brown & Brown operation, the brokerage said.
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