Another Insurance Acquisition as Brown & Brown Buys HBA

The acquisition of HBA Insurance Group by Brown & Brown was announced yesterday as the trend toward industry consolidation continues.

Published on June 11, 2008

Miami-based HBA, an agency that places commercial insurance, employee benefits and personal lines coverage, reported $18.6 million in revenues last year.

HBA will operate under its own name as a part of Daytona Beach, Fla.-based Brown & Brown.