Hull & Co. Acquires Montana Wholesale Broker
FORT LAUDERDALE, Florida, May 07, 2008 (AM Best via COMTEX) - BRO | News | Power Rating | PR Charts - Hull & Co. Montana Inc has a big broker, said the company. Terms of the transaction were not made public.
Hull, a subsidiary of Brown & Brown Inc., he acquired Missoula Big Sky-based Underwriters Inc. expands its presence in the northwest.
Big Sky, with more than $ 2.2 million in annual revenue, is seen as Hull & Co. Sharing their current position, “said Tim Neff, Hull’s Senior Vice President and Chief Operating Officer of the West.
Ruth M. Havican, Big Sky principal, maintained by the transfer, “said Neff. Principal Scott L. Tuxbury Big Sky, the head of the Office of Hull, he said.
Founded in 1955, Big Sky has offices in Washington and Oregon, and also, Wyoming and Idaho, Hull, said in a statement.
Brown & Brown is pursuing an aggressive strategy of acquisitions. Earlier this month, it acquired a broker established in California, and earlier this year, one of mergers and acquisitions and division (Best Wire, April 1, 2008).
Brown & Brown (NYSE: BRO | News | Power Rating | Charts PR) was the seventh-largest broker on the basis of total turnover in 2006, Best’s Review global ranking of the best insurance brokers. It provides insurance and reinsurance as well as products and services of risk management, third party administration, management of health and illness fallow, programs and services.
The share of Brown & Brown Inc. were sold in the morning to 17.70 dollars in trade, April 7 to 0.85% from the previous close.
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