We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Brown & Brown Boosts Special Risk and Accident & Health Line
Read MoreHide Full Article
Brown & Brown, Inc. (BRO - Free Report) recently acquired Health Special Risk, Inc. The acquisition will help this Zacks Rank #2 (Buy) insurance broker add capabilities to its special risk and accident & health portfolio.
Health Special Risk boasts as a leading provider of third party administrator (TPA) and managing general underwriter (MGU) for four decades with annual revenues of about $6.5 million. The buyout will thus help Brown & Brown benefit from the complementary market focus that Health Special Risk shares with the acquirer’s American Specialty team.
Moreover, by leveraging expertise of Brown & Brown, Health Special Risk should be well-poised to capitalize on potential growth opportunities arising owing to the combination of the two entities.
Post transaction, the acquired company will continue to operate from its present locations in Texas and Minnesota.
Brown & Brown’s impressive growth is driven by both organic and inorganic means across all segments. Also, strategic acquisitions and mergers help it spread its operations. In more than two decades, the company acquired above 470 insurance intermediary operations. In its recent endeavors, the company purchased assets of Loving and Etheredge, Inc. d/b/a Texas Commercial Insurance Facilities (TCIF) and its affiliate Arkansas Insurance Facilities, Inc. to boost its brokerage operations as well as fortify its footprint in Texas and Arkansas.
Shares of Brown & Brown have rallied 28.8% in a year, outperforming the industry’s increase of 8%. We expect the company’s sustained operational performance, strategic buyouts and a strong balance sheet as well as liquidity position to drive its shares higher in the near term.
Given the insurance industry’s all-time high available capital resource, there is a craze for consolidations vying for attention in the space of late. Last month, Assurant, Inc. (AIZ - Free Report) acquired The Warranty Group to consolidate its presence as an ace provider in the vehicle protection business. Arthur J. Gallagher & Co. (AJG - Free Report) acquired Finergy Solutions Pty Ltd and Avantek Pty Ltd. The Navigators Group, Inc. closed the buyout of Bracht, Deckers & Mackelbert NV as well as its affiliated insurance company, Assurances Continentales – Continentale Verzekeringen NV.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
Brown & Brown Boosts Special Risk and Accident & Health Line
Brown & Brown, Inc. (BRO - Free Report) recently acquired Health Special Risk, Inc. The acquisition will help this Zacks Rank #2 (Buy) insurance broker add capabilities to its special risk and accident & health portfolio.
Health Special Risk boasts as a leading provider of third party administrator (TPA) and managing general underwriter (MGU) for four decades with annual revenues of about $6.5 million. The buyout will thus help Brown & Brown benefit from the complementary market focus that Health Special Risk shares with the acquirer’s American Specialty team.
Moreover, by leveraging expertise of Brown & Brown, Health Special Risk should be well-poised to capitalize on potential growth opportunities arising owing to the combination of the two entities.
Post transaction, the acquired company will continue to operate from its present locations in Texas and Minnesota.
Brown & Brown’s impressive growth is driven by both organic and inorganic means across all segments. Also, strategic acquisitions and mergers help it spread its operations. In more than two decades, the company acquired above 470 insurance intermediary operations. In its recent endeavors, the company purchased assets of Loving and Etheredge, Inc. d/b/a Texas Commercial Insurance Facilities (TCIF) and its affiliate Arkansas Insurance Facilities, Inc. to boost its brokerage operations as well as fortify its footprint in Texas and Arkansas.
Shares of Brown & Brown have rallied 28.8% in a year, outperforming the industry’s increase of 8%. We expect the company’s sustained operational performance, strategic buyouts and a strong balance sheet as well as liquidity position to drive its shares higher in the near term.
Given the insurance industry’s all-time high available capital resource, there is a craze for consolidations vying for attention in the space of late. Last month, Assurant, Inc. (AIZ - Free Report) acquired The Warranty Group to consolidate its presence as an ace provider in the vehicle protection business. Arthur J. Gallagher & Co. (AJG - Free Report) acquired Finergy Solutions Pty Ltd and Avantek Pty Ltd. The Navigators Group, Inc. closed the buyout of Bracht, Deckers & Mackelbert NV as well as its affiliated insurance company, Assurances Continentales – Continentale Verzekeringen NV.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>