DAYTONA BEACH, Fla., Sept. 12, 2022 (GLOBE NEWSWIRE) — 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), at the moment introduced that Brown & Brown of Illinois, Inc., a subsidiary of Brown & Brown, Inc., has acquired considerably all of the property of VistaNational.
VistaNational was based in 1996 by president and chief govt officer David N. Schwimmer, who’s retiring after 47 years in the insurance business. The agency affords worker advantages options to companies and public entities all through the State of Illinois and in sure different states. Following the acquisition, the VistaNational group will proceed doing business from their present Oak Brook, Illinois workplace below the management of Kahlil Hogan. The VistaNational business will function inside Brown & Brown’s Retail phase and report back to Paul F. Rogers, a regional president in Brown & Brown’s Retail phase.
Rogers said, “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 said, “This exciting transaction will enhance VistaNational’s already focused customer service model by expanding the resources, products and services available to our customers.”
About Brown & Brown, Inc.
Brown & Brown, Inc. (NYSE: BRO) is a number one insurance brokerage agency, delivering danger administration options to people and companies since 1939. With over 14,500 teammates in 450+ areas worldwide, we’re dedicated to offering modern methods to assist shield what our prospects worth most. For extra data or to seek out an workplace close to you, please go to bbinsurance.com.
This press launch could comprise sure statements regarding future outcomes that are forward-looking statements, together with these related to this acquisition. These statements aren’t historic details however as a substitute symbolize solely Brown & Brown’s present perception concerning future occasions, many of which, by their nature, are inherently unsure and out of doors of Brown & Brown’s management. It is feasible that Brown & Brown’s precise outcomes and monetary situation could differ, presumably materially, from the anticipated outcomes and monetary situation indicated in these forward-looking statements. Further data regarding Brown & Brown and its business, together with components that probably may materially have an effect on Brown & Brown’s monetary outcomes and situation, in addition to its different achievements, is contained in Brown & Brown’s filings with the Securities and Exchange Commission. Such components embody these components related to Brown & Brown’s consummation and integration of the introduced acquisition, together with any issues analyzed in the due diligence course of, and materials opposed adjustments in the business and monetary situation of the vendor, the purchaser, or each, and their respective prospects. All forward-looking statements made herein are made solely as of the date of this launch, and Brown & Brown doesn’t undertake any obligation to publicly replace or appropriate any forward-looking statements to replicate occasions or circumstances that subsequently happen or of which Brown & Brown hereafter turns into conscious.
For extra data:
R. Andrew Watts
Chief Financial Officer
(386) 239-5770
