DAYTONA BEACH, Fla. — J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Mark R. Schwartz, the principal of Corporate Insurance Advisors, L.L.C., today announced that Brown & Brown of Florida, Inc., a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of Corporate Insurance Advisors.
Corporate Insurance Advisors was founded in 2005 by Mark Schwartz as a full-service retail insurance agency serving businesses and individuals throughout Florida. Following the acquisition, the Corporate Insurance Advisors team will operate from Brown & Brown’s retail office in Ft. Lauderdale, Florida, under the leadership of Mike Gorham.
Mike Keeby, a regional president in Brown & Brown’s Retail segment who oversees various offices in Florida and the Southeast, stated, “Mark Schwartz and his team have leveraged their experience, work ethic, and strong relationships to offer innovative insurance solutions that stand out in the competitive South Florida marketplace. We are excited to welcome them to our team and believe that together we are poised for future growth and success.”
Schwartz stated, “Corporate Insurance Advisors was founded on the premise of offering comprehensive risk management solutions for our customers’ businesses. Brown & Brown’s capabilities in terms of scope of offerings, deeper bench strength and enhanced geographic footprint are a perfect complement for our customers in light of the ever-changing business world regarding risk and variable assumptions of risk. We believe joining Brown & Brown will enable us to provide even better results. We are excited about what the future brings with Brown & Brown.”
Source: Brown & Brown
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