Friday, Hull & Co. Inc., a subsidiary of Brown & Brown Inc. (BRO) acquired certain wholesale insurance accounts from Anchor Bay Insurance Managers Inc. The acquired accounts, with annualized revenues of approximately $1.1 million, will be serviced out of Hull & Company's existing Gig Harbor, Washington office. Hull & Co. will also be hiring several of Anchor Bay's employees responsible for producing and servicing these accounts.
Anchor Bay Insurance Managers, established in May of 2000, will continue to operate but with a more specific focus on the restaurant, bar, and tavern trade and clients with environmental exposures.
Brown & Brown, Inc., together with its subsidiaries, operates as a diversified insurance agency, wholesale brokerage, insurance programs, and service organization in the United States. Its Retail segment provides various insurance products and services to commercial, public and quasi-public entity, professional, and individual customers.
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