Brown
Brown & Brown has acquired another insurance company.
In the wake of its recent acquisition of a Connecticut-based agency, the company has announced that one of its subsidiaries has acquired the assets of HBA Insurance Group Inc.
No financial details regarding the deal were disclosed in a release announcing the acquisition.
HBA is the result of a 1999 merger between the Head Beckham Agency and Amerinsurance, two South Florida firms. HBA has offices in Miami, Fort Lauderdale and Vero Beach. Its annualized revenue is approximately $18.6 million.
The company will continue operating out of its current locations as Brown & Brown profit centers but will retain the name "HBA Insurance Group."
Brown & Brown (NYSE: BRO), along with its subsidiaries, provides insurance and reinsurance products and services fast cash advance loan. The company serves business, public entity, individual, trade and professional association clients throughout the nation. It is based in Tampa and Daytona Beach.