J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc., and Keith Moore, the CEO of CoverHound and its wholly owned subsidiary CyberPolicy (collectively, “CoverHound”), today announced that a subsidiary of Brown & Brown, Inc. has acquired substantially all of the assets of CoverHound. CoverHound is a leading digital insurance marketplace for individuals and… Continue reading Brown & Brown, Inc. Acquires CoverHound and CyberPolicy
Tag: Brown & Brown
Brown & Brown Backs Out of Deal to Acquire Cincinnati-Based Hauser Inc. After Founder’s Plea Deal
Brown & Brown, Inc. today announced today that it has terminated with immediate effect the previously announced agreement to acquire the assets of Hauser, following news that founder Mark Hauser was pleading guilty in connection with the Varsity Blues scandal. The transaction was expected to close in September 2020, subject to certain closing conditions. The… Continue reading Brown & Brown Backs Out of Deal to Acquire Cincinnati-Based Hauser Inc. After Founder’s Plea Deal
Brown & Brown Q2 Earnings and Revenues Surpass Estimates
Brown & Brown (BRO) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.26 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 14.29%. A quarter ago, it was expected… Continue reading Brown & Brown Q2 Earnings and Revenues Surpass Estimates
Brown & Brown, Inc. Announces the Asset Acquisition of Innovative Risk Solutions, Inc.
J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc., and Sean Gormley, the sole shareholder of Innovative Risk Solutions, Inc. (“Innovative”), today announced that Brown & Brown Metro, LLC has acquired substantially all of the assets of Innovative. Innovative Risk Solutions was founded in 2004 by Sean Gormley with the goal of providing… Continue reading Brown & Brown, Inc. Announces the Asset Acquisition of Innovative Risk Solutions, Inc.
Brown & Brown Announces Quarterly Revenues of $619.3M, An Increase of 23.5%
Brown & Brown, Inc. today announced its unaudited financial results for the first quarter of 2019. Revenues for the first quarter of 2019 under U.S. generally accepted accounting principles (“GAAP”) were $619.3 million, increasing $117.8 million, or 23.5%, compared to the first quarter of the prior year, with commissions and fees increasing by 23.4% and… Continue reading Brown & Brown Announces Quarterly Revenues of $619.3M, An Increase of 23.5%