Brown & Brown to acquire Accession Risk Management Group for $9.8bn.

Brown & Brown, a provider of a range of insurance and reinsurance products and services, agreed to acquire Accession Risk Management Group, a family of insurance distribution and specialty risk management companies, for $9.8bn. “We are excited to welcome the Accession team to Brown & Brown. Combining with Risk Strategies and One80 represents a unique opportunity to bring the best of both organizations to the forefront, enabling us to augment and strengthen our collective growth. The brokerage business built by Mike Christian and John Mina and the wholesaler and program manager business built by Matthew F. Power bring complementary and added capabilities that, when aligned with the broader Brown & Brown organization, further position us to extend our reach and consistently deliver for our customers through enhanced market relationships and expanded offerings. We are confident we will be better together as a combined organization,” J. Powell Brown, Brown & Brown President and CEO.