Brown & Brown to acquire Orchid Underwriters Agency and CrossCover Insurance Services from TowerBrook Capital.

Brown & Brown, a provider of a range of insurance and reinsurance products and services, agreed to acquire Orchid Underwriters Agency, a provider of property insurance underwriting for high-value properties, and CrossCover Insurance Services, a provider of E&S commercial property solutions, from TowerBrook Capital, a private equity firm. Financial terms were not disclosed. “We are excited to be joining the Brown & Brown team. From our first meetings, we recognized a firm that shared our commitment to our employees, insureds, producers and carrier partners. We are confident that our affiliation with National Programs will help us strengthen and expand our carrier relationships, leading to more capacity and options for our insureds and producers. We are eager to bring all of National Program’s resources to bear on our businesses," Steve Carlsen, Orchid Director.