Welcome to our dedicated page for Brown & Brown news (Ticker: BRO), a resource for investors and traders seeking the latest updates and insights on Brown & Brown stock.
Brown & Brown, Inc. (NYSE: BRO) is an insurance brokerage firm in the insurance agencies and brokerages industry, active in property, casualty and employee benefits insurance and related risk management services. This news page aggregates company-issued updates and other coverage so readers can follow developments that affect Brown & Brown’s operations, strategy and financial performance.
Recent news for Brown & Brown includes quarterly earnings announcements, details on segment reporting, leadership changes and acquisition activity. The company regularly issues press releases about its financial results, such as third-quarter performance metrics, Organic Revenue growth and non-GAAP measures like EBITDAC and EBITDAC Margin – Adjusted. These releases are often paired with information about investor conference calls and webcasts, allowing market participants to hear management’s commentary on business trends.
Brown & Brown also reports on corporate actions and strategic moves. Examples in the supplied materials include the acquisition of RSC Topco, Inc., the holding company for Accession Risk Management Group, and the acquisition of the assets of the J. Kevin Campbell Agency, which focuses on workers’ compensation insurance solutions. Leadership updates, such as appointments within the Retail segment and changes to the board of directors, are another recurring theme in the company’s news flow.
Capital allocation decisions feature prominently as well. Brown & Brown has announced increases in its regular quarterly cash dividend and authorizations for additional share repurchases. Together with earnings releases, these items provide insight into how the company manages its balance sheet and returns capital to shareholders.
Investors, analysts and other interested readers can use this news feed to monitor Brown & Brown’s earnings releases, acquisitions, segment reorganizations, leadership appointments and capital markets activity over time.
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.
Brown & Brown, Inc. (NYSE: BRO) announced the immediate termination of its agreement to acquire HAUSER, which was initially expected to close in September 2020. The decision reflects uncertainty surrounding the completion of the transaction, which was conditional upon various factors. Brown & Brown is a leading insurance brokerage firm with 80 years of experience, offering risk management solutions. The company emphasizes its commitment to superior customer service and trust.
Brown & Brown, Inc. (NYSE:BRO) has acquired Amity Insurance Agency, significantly enhancing its New England operations. Founded in 1978, Amity specializes in risk management solutions for various industries and offers personal insurance services. The acquisition, announced by J. Scott Penny and Amity’s principals, is expected to leverage Brown & Brown’s resources and improve service to clients. Amity will continue its operations from Quincy, Massachusetts. This move aligns with Brown & Brown’s strategy to expand its market presence and enhance its service offerings.
Brown & Brown, Inc. (NYSE:BRO) has acquired substantially all assets of Buiten & Associates, LLC, a leading independent insurance agency in Michigan, as of August 13, 2020. The acquisition allows Brown & Brown to expand its footprint in Michigan, leveraging Buiten’s expertise and existing team, led by Paul Buiten. Brown & Brown aims to enhance customer service and drive future growth through this strategic merger. This acquisition reflects Brown & Brown's commitment to integrating high-quality insurance services, while aiming to strengthen its market position.
Brown & Brown, Inc. (NYSE: BRO) announced an agreement to acquire the assets of HAUSER, specializing in insurance solutions for private equity groups, set to close in September 2020. Founded 50 years ago, HAUSER provides M&A advisory, due diligence, and risk management services, with continuing operations in Cincinnati, Ohio. Brown & Brown aims to leverage HAUSER's expertise and capabilities to enhance service offerings for clients. The deal is expected to strengthen both companies' positions in the private equity insurance market, although future performance is subject to uncertainties and integration risks.
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