Brown & Brown Inc Stock Price, News & Analysis

Brown & Brown, Inc. (NYSE:BRO) has acquired the assets of J.E. Brown & Associates Insurance Services, enhancing its presence in the California insurance market. Founded in 1989, J.E. Brown specializes in property and casualty insurance for small businesses and individuals. The acquisition allows for the continuation of J.E. Brown's operations under the leadership of its existing management team, who will leverage strong industry relationships to expand service offerings. This strategic move aims to strengthen Brown & Brown's competitive position in California's insurance sector.

PillarRx Consulting has appointed Audrey Paukner as the new Director of Data Delivery. With 20 years of experience in data analytics, particularly in the PBM and healthcare sectors, she aims to implement advanced reporting solutions that align customer insights with business needs. Rob Cleek, VP of IT at PillarRx, noted that Audrey's expertise will enhance pharmacy benefit planning, aiming to mitigate rising healthcare costs. Her role involves leading the data delivery team and providing actionable reports to improve efficiency without compromising member satisfaction.

Brown & Brown, Inc. (NYSE:BRO) has acquired the assets of Bright & Associates, a firm offering F&I products in the automotive sector since 1977. The acquisition, announced by J. Scott Penny and Jim Bright, aims to expand Brown & Brown Dealer Services' (BBDS) footprint in Missouri and Illinois. Bright & Associates will continue operations in St. Louis and benefit from enhanced resources and support. BBDS expects to deliver improved products and services through this integration, aligning with the core values of both companies. This move reflects strategic growth in the F&I market.

Brown & Brown, Inc. (NYSE:BRO) has completed the acquisition of Vehicle Administrative Services, LP, SafeRide Motor Club, Inc., and related affiliates, known as VAS. This strategic acquisition is expected to enhance Brown & Brown's risk management offerings and expand its market presence. The firm, with over 80 years of experience, aims to leverage this addition to improve customer service and operational capabilities. While the acquisition presents growth opportunities, potential challenges in integration and uncertainties in future performance are acknowledged.

Brown & Brown, Inc. (NYSE: BRO) will announce its third-quarter 2020 earnings on October 26, 2020, after market close. The following day, October 27, a conference call will be hosted at 8:00 a.m. EDT by CEO J. Powell Brown and CFO R. Andrew Watts to discuss the results. The call will be broadcast live and can also be accessed via the company's website. Additionally, a replay will be available shortly after the event. This announcement coincides with the company's established reputation in providing insurance and risk management solutions for over 80 years.

Pacific Resources Benefits Advisors has appointed Chris Judd as CEO and Ken Vaughan as President. Judd takes over from Paul Barden, who achieved over a 400% revenue increase during his ten-year tenure. Judd and Vaughan bring nearly 30 years of consulting and executive experience in employee benefits. Judd expressed optimism about continued growth and commitment to high client service standards. Barden will remain as an advisor while transitioning to a leadership role with Brown & Brown Insurance.

Brown & Brown, Inc. (NYSE: BRO) has acquired substantially all assets of Brookstone Insurance Group, enhancing its operations in Texas. This acquisition bolsters Brown & Brown's presence in the Dallas-Fort Worth area, where Brookstone has established itself with strong customer relationships and market expertise. Brookstone will continue operating from its existing offices under its leadership team. The move is strategic, leveraging Brookstone's talent and ensuring continued growth and excellent service in the region.

Brown & Brown, Inc. (NYSE:BRO) has acquired substantially all assets of Frank E. Neal & Co., Inc., enhancing its presence in Tennessee's insurance market. With over 45 years of experience, Frank E. Neal specializes in providing commercial, surety, personal, and employee benefits insurance, particularly in the construction industry. This acquisition aims to foster economic growth and expand local service offerings. The Frank Neal team will integrate with Brown & Brown of Tennessee, under the leadership of Ryan Rothrock and John Esposito.

Brown & Brown, Inc. (NYSE: BRO) announced an agreement to acquire Vehicle Administrative Services (VAS) and its affiliates, enhancing its service offerings in emergency roadside assistance. This strategic acquisition, expected to close in October 2020, allows VAS to maintain its operations in Texas under the leadership of Bill Breindel. The collaboration aims to innovate and expand customer protection products, reflecting Brown & Brown's commitment to superior customer service and growth.