Brown & Brown Inc. has entered into an agreement to acquire Accession Risk Management, the parent company of specialty brokerage firm Risk Strategies and wholesaler One80 Intermediaries, for approximately $9.8 billion. The transaction involves the purchase of RSC Topco Inc., the holding company for Boston-based Accession, and is expected to close in the third quarter, according to Insurance Journal.
Integration Plans and Leadership Changes
After the transaction closes, the Risk Strategies team will become part of Brown & Brown’s retail segment. Accession CEO John Mina will join the retail segment’s senior leadership team.
On the programs and wholesale brokerage side, Brown & Brown will create a new specialty distribution segment. This segment will be led by Steve Boyd and Chris Walker. One80 Intermediaries will join the new segment, with its president, Matt Power, joining the senior leadership team.
Accession, founded in 1997, has over 5,300 employees in the United States and Canada and reported about $1.7 billion in revenue for 2024. Risk Strategies had approximately $1.3 billion in property/casualty revenue that year, and total premiums written reached $8.55 billion, including approximately $7.8 billion in commercial lines.
Strategic Context and Industry Trends
J. Powell Brown, president and CEO of Brown & Brown, says the combination with Risk Strategies and One80 will bring together complementary capabilities and enhance the company’s ability to serve customers through improved market relationships and expanded offerings. He notes the businesses built by Mike Christian, John Mina, and Matthew F. Power provide a strong strategic fit.
John Mina explains that in seeking the next major phase of growth, it was essential to find a partner capable of supporting a leading industry position, driving innovation, and sharing cultural values. He added that Brown & Brown fulfilled those criteria.
With nearly $4.3 billion in revenue, Brown & Brown is currently the seventh largest global insurance broker, according to AM Best’s 2024 ranking. The deal positions the company prominently within a wave of significant mergers and acquisitions among top brokers. Notable recent transactions include Arthur J. Gallagher’s $13.45 billion acquisition of AssuredPartners, Marsh McLennan’s $7.75 billion purchase of McGriff Insurance Services (completed in November 2024), and Aon’s $13 billion acquisition of NFP (completed in April 2025).
Stay informed and ahead of the curve — explore more industry insights and program opportunities at ProgramBusiness.com.