DAYTONA BEACH, Fla., Sept. 13, 2022 (GLOBE NEWSWIRE) — J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Scott Smithwick and Chris Smithwick, as we speak introduced that Brown & Brown of Massachusetts, Inc., a subsidiary of Brown & Brown, Inc., has acquired considerably all of the belongings of Smithwick & Mariners Insurance, MidCoast Insurance and Chapman & Chapman Insurance (collectively, Smithwick & Mariners).
Originally based in 1987 to service the marine business (marinas, yacht golf equipment, boat builders, fishing vessels, tug operations and yachts), Smithwick & Mariners has advanced its capabilities to supply revolutionary danger options to business homeowners and people all through Maine and larger New England. The Smithwick & Mariners corporations are led by Scott Smithwick and Chris Smithwick. Following the acquisition, the Smithwick & Mariners group will proceed doing business from their present places of work in Maine, Massachusetts and New Hampshire and can function inside Brown & Brown’s Retail phase. Scott and Chris will proceed to guide the group and can report back to Don McGowan, a regional president in Brown & Brown’s Retail phase.
Don McGowan said, “The Smithwick & Mariners companies are recognized in Maine and throughout New England for their experience and industry knowledge in the commercial fishing, marine and personal yacht space. Scott, Chris and their dedicated team have a long and mutually successful relationship with their carriers, allowing them to deliver best-in-class insurance solutions to their customers. We are confident we share the same culture of customer-first solutions and are excited to welcome them to the Brown & Brown team.”
Scott Smithwick said, “The Smithwick & Mariners team is excited to be partnering with a firm like Brown & Brown who shares the same level of commitment to its customers, carriers and employees that we have for the past 35 years. We are very confident that this partnership will help to further strengthen Smithwick & Mariners’ product offering and level of service to both our marine and non-marine related 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+ places worldwide, we’re dedicated to offering revolutionary methods to assist shield what our clients worth most. For extra data or to seek out an workplace close to you, please go to bbinsurance.com.
This press launch could include sure statements referring to future outcomes that are forward-looking statements, together with these related to this acquisition. These statements aren’t historic details however as an alternative characterize solely Brown & Brown’s present perception relating to 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, probably materially, from the anticipated outcomes and monetary situation indicated in these forward-looking statements. Further data regarding Brown & Brown and its business, together with elements that doubtlessly 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 elements embrace these elements 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 hostile modifications in the business and monetary situation of the vendor, the purchaser, or each, and their respective clients. 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 mirror 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
