US insurance coverage dealer Brown & Brown has continued its shopping for spree by buying the property of McNamara Firm.
Monetary phrases of the transaction weren’t disclosed.
McNamara Firm, a family-owned company established in 1970 in Minnesota, providers shoppers throughout all 50 US states.
The corporate’s insurance coverage options suite caters to companies, households and people.
As a part of the deal, McNamara workers will transfer to Brown & Brown’s Phoenix workplace and report back to Phoenix staff chief Scott Jones.
Brown & Brown retail section senior vice-president John Esposito stated: “We’re thrilled that Pat, Aleshia and the McNamara staff are becoming a member of Brown & Brown.
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“The staff brings expertise throughout business and private traces with a concentrate on franchise homeowners and operators. We’re trying ahead to combining our capabilities in our Phoenix workplace.”
McNamara firm principals Patrick and Aleshia McNamara stated: “We’re excited to convey our expertise collectively to proceed delivering superior service and strong insurance coverage options to all our clients.”
This transfer comes on the heels of Brown & Brown (Europe)’s acquisitions geared toward bolstering its retail operations.
Final month, the division introduced the acquisition of UK-based Garratts Insurance coverage Brokers and the enterprise and property of BNF Insurance coverage Providers.
Garratts, with a historical past relationship again to 1877, offers an array of insurance coverage merchandise to numerous shoppers together with business and small companies, property homeowners, charities and contractors.
BNF, situated in Clacton, Essex, specialises in business, inventive, property and motor insurance coverage.
In December 2023, Brown & Brown (Europe) bought R McGee Insurance coverage Brokers, a family-run brokerage in Maesteg, Glamorgan.
