MGA Group Purchased by Brown & Brown

The assets of The Combined Group of Cos. of Carrollton, Texas have been acquired by Florida-based Brown & Brown Inc., according to a spokesperson for the brokerage.

Published on August 13, 2007

The Combined Group of Cos. posted aggregate annualized revenues of $12.6 million, operating primarily as a collection of managing general agencies focusing on non-subscriber workers compensation insurance in Texas and small-account standard lines and excess and surplus property, liability and package policies, according to Brown & Brown.

Included in the acquisition, whose terms were undisclosed, are The Combined Group Inc., CIA Managing General Agency Inc., Combined Independent Agencies Inc., Combined Premium Finance Inc., Anchor Claims Management Inc., Anchor Risk Management Services Inc., Case Integration Administrators Inc., Quote Express Inc. and Quantum Integrated Systems Inc.