DAYTONA BEACH, Fla. — J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Kahlil Hogan, Thomas Mathew, Richard Mathews, William Novak, David N. Schwimmer and Brian Walsh, the shareholders of VistaNational Insurance Group (VistaNational), today announced that Brown & Brown of Illinois, Inc., a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of VistaNational.
VistaNational was founded in 1996 by president and chief executive officer David N. Schwimmer, who is retiring after 47 years in the insurance business. The firm offers employee benefits solutions to businesses and public entities throughout the State of Illinois and in certain other states. Following the acquisition, the VistaNational team will continue doing business from their existing Oak Brook, Illinois office under the leadership of Kahlil Hogan. The VistaNational business will operate within Brown & Brown’s Retail segment and report to Paul F. Rogers, a regional president in Brown & Brown’s Retail segment.
Rogers stated, “For more than 25 years, VistaNational’s experienced team has combined their impressive industry knowledge with practical technology solutions to deliver a wide variety of employee benefits products and services to their customers. We are honored they have chosen to continue their journey as part of the Brown & Brown team and look forward to many years of continued success.”
Schwimmer stated, “This exciting transaction will enhance VistaNational’s already focused customer service model by expanding the resources, products and services available to our customers.”
Source: Brown & Brown, Inc.
“Some of the statements in this third party article may be forward-looking statements and perhaps even inaccurate statements. AgencyEquity or Strategic Agencies LLC does not make any representation or warranty, express or implied, as to the accuracy, completeness, or updated status of such statements. Therefore, in no case whatsoever will AgencyEquity or Strategic Agencies LLC be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or for any related damages.”