Brown & Brown Inc Stock Price, News & Analysis

Brown & Brown, Inc. will unify all brands under its Retail segment to the name Brown & Brown starting Jan. 1, 2022. This strategy aims to enhance customer service by streamlining resources and leveraging a top-five brokerage's strength. P. Barrett Brown emphasized a commitment to quality service and improved access to diverse capabilities. A new logo and unified retail website will launch in January. The unification pertains solely to the Retail segment, excluding National Programs and other areas. Brown & Brown operates as a leading insurance brokerage since 1939, with over 11,000 team members nationwide.

Brown & Brown, Inc. (NYSE:BRO) announced the acquisition of Winston Financial Services, Inc., a leader in benefit communication and administration. Founded in 1987, Winston Benefits has developed proprietary technology, including HRAlly™, enhancing employer services. The acquisition aims to strengthen Brown & Brown’s employee benefits practice, leveraging Winston's technology and expertise. Colin and Curran Bradley will continue to lead Winston Benefits, ensuring continuity while integrating with Brown & Brown's operations. This strategic move is poised to enhance customer experience and expand service offerings.

Brown & Brown, Inc. (NYSE: BRO) announces that Hugh M. Brown, a board member, has been named to Savoy Magazine's Most Influential Black Corporate Directors list for the second time. This recognition highlights his significant contributions over 17 years to the company's success. Hugh Brown is the founder of BAMSI, Inc. and has served on various boards, including the Federal Reserve Bank of Atlanta. CEO J. Powell Brown praised his leadership, stating it has positively impacted the organization.

Brown & Brown, Inc. (NYSE: BRO) announces its third-quarter earnings release scheduled for October 25, 2021, post-market close. A conference call will be held on October 26, 2021, at 8:00 a.m. EDT with CEO J. Powell Brown and CFO R. Andrew Watts, discussing financial results. The call will be streamed live on their website. An audio replay will be available post-call and archived for 14 days. Founded in 1939, Brown & Brown is a leading insurance brokerage firm, employing over 11,000 across more than 300 locations.

PillarRx has released its 2021 Data Validation Customer Survey results, achieving a 5-star rating due to exceptional service in quality, audit accuracy, and actionable reporting. With a 99% customer retention rate since 2011, 100% of respondents expressed strong satisfaction, indicating likely continued use of PillarRx’s services in 2022. Innovations such as updated automation processes and improved communication with PBMs contributed to success. Additionally, the company secured 11 new contracts for 2022, highlighting its robust reputation and client relationships.

Brown & Brown, Inc. (NYSE:BRO) announced the acquisition of Gremesco of New Jersey, a wholesale insurance broker founded in 2000. The acquisition, facilitated by Bridge Specialty Group, will enhance Morstan General Agency’s operations. Gremesco, known for providing property and casualty insurance in New Jersey and New York, will integrate into Morstan's Woodbridge location, led by Tommy Rhodes. This move aims to expand broker networks and improve market access, reflecting Brown & Brown's commitment to innovative insurance solutions.

Brown & Brown, Inc. (NYSE:BRO) has successfully acquired substantially all assets of AGIS Network, Inc., a prominent employee benefits enrollment firm specializing in long-term care options. This acquisition aims to enhance Brown & Brown's value proposition for its employee benefits customers. AGIS's innovative technology solutions will streamline enrollment processes, supporting large employers and governmental agencies nationwide. AGIS will continue operations under its founder, Kevin Sypniewski, from California, further strengthening Brown & Brown’s capabilities in the evolving long-term care market.

Brown & Brown, Inc. (NYSE:BRO) announced its inclusion in the S&P 500 index, effective September 20, 2021, as per S&P Dow Jones Indices. This prestigious index comprises 500 leading U.S. companies, marking a significant milestone for Brown & Brown, which was previously part of the S&P MidCap 400. CEO J. Powell Brown emphasized the company's 82-year growth history, highlighting contributions from its team and partners that enabled this achievement.

Brown & Brown, Inc. (NYSE:BRO) has successfully completed the acquisition of the assets and operations of Berkshire Insurance Group, Inc. through its subsidiary, Brown & Brown of Massachusetts, LLC. This acquisition marks a strategic expansion for Brown & Brown, enhancing its service offerings and market presence.

The company has over 11,000 employees across 300 locations, focusing on delivering innovative risk management solutions. Future financial results related to this acquisition remain uncertain, with potential risks associated with integration and market conditions.