LONDON, UK / ACCESSWIRE / April 13, 2018 / Active-Investors.com has just released a free research report on Brown & Brown, Inc. (NYSE: BRO). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=BRO as the Company's latest news hit the wire. On April 11, 2018, the Company announced that its subsidiary Brown & Brown Insurance Agency of Georgia, Inc. has acquired substantially all of the assets of Manning & Nozick Insurance Agency, Inc. The financial details and other terms of the acquisition were not shared by the Company. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Commenting on the acquisition of the substantial assets of Manning & Nozick, Tim Soriano, President of Brown & Brown Insurance Agency of Georgia, said:

"Manning & Nozick has been a fixture in the Atlanta brokerage market for many years. Brian, Robert, and Stanley have continued the firm's commitment to client service during their leadership. We are excited to bring their experience and knowledge of the needs of the greater Atlanta insurance market into the Brown & Brown team."

Brian Coffsky, President of Manning & Nozick, added:

"We are very excited to join forces with Tim, Barrett, and their entire team. We believe that Brown & Brown's presence in the Atlanta market, combined with all the resources that Manning & Nozick will now have access to, will allow us to better serve our clients and accelerate the growth of our business."

Details of the Transaction

Atlanta, Georgia-based Manning & Nozick catered to the greater Atlanta community as Independent Insurance Agents. The Agency has been in Atlanta for over 70 years and provided a wide range of personal and business insurance products and services to clients in the greater Atlanta area and across the US. The Agency has annual revenues of approximately $1.6 million.

On the completion of the acquisition, the operations of Manning & Nozick will be integrated with Brown & Brown's existing Atlanta operations and offices. The combined team and operations will be led by Tim Soriano, President of Brown & Brown Insurance Agency of Georgia, and Barrett Brown, Regional President of Brown & Brown.

The acquisition will allow Brown & Brown to expand its presence in the Atlanta market and widen its client base in Georgia.

Key Acquisitions ? A Growth Strategy

Brown & Brown has used acquisitions as a tool for its success and growth strategy, which allows it to thrive in a very competitive environment. The Company has acquired over 250 agencies since 2000 as part of this strategy, which allows it to strengthen its operations and expand its geographical footprint.

Some of the key acquisitions in recent months include the following:

In February 2018, the Company acquired New York-based yourPFO Consulting, LLC. The acquisition aimed at strengthening Brown and Brown's life insurance and employee benefits business and footprint in New York.

In March 2018, Brown and Brown acquired Gainesville, Virginia-based Kerxton Insurance Agency, Inc. and Fitness Underwriters, Inc. (?Kerxton Insurance?). Kerxton Insurance offered personal and business insurance products and services, including insurance solutions for health and fitness clubs under the Fitness Underwriters brand, in Mid-Atlantic Region and across the US. This acquisition would help Brown and Brown strengthen its personal insurance business and expand into insurance products for health and fitness clubs.

About Brown & Brown Inc.

Daytona Beach, Florida-based Brown & Brown is an independent insurance intermediary that provides a variety of insurance products and services through its licensed subsidiaries. Some of the Company's subsidiaries also offer a variety of risk management, third-party administration, and other services. It caters to corporates, public entities, institutions, trades, professionals, associations, and individual clients across the US. The Business Insurance magazine has ranked Brown & Brown as the sixth largest independent insurance intermediary in the US.

Stock Performance Snapshot

April 12, 2018 - At Thursday's closing bell, Brown & Brown's stock slightly climbed 0.98%, ending the trading session at $25.75.

Volume traded for the day: 1.50 million shares, which was above the 3-month average volume of 1.42 million shares.

Stock performance in the previous six-month period ? up 5.23%; past twelve-month period ? up 22.18%; and year-to-date - up 0.08%

After yesterday's close, Brown & Brown's market cap was at $3.64 billion.

Price to Earnings (P/E) ratio was at 18.49.

The stock has a dividend yield of 2.33%.

The stock is part of the Financial sector, categorized under the Insurance Brokers industry. This sector was up 1.0% at the end of the session.

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