Insurance broker Brown & Brown of Florida Inc. has agreed to buy to buy substantially all of the assets of Comcover Insurance Group Inc., based in Dania, Fla.
With annualized revenues of approximately $1.6 million, Comcover specializes in property/casualty insurance for clients in the wholesale, distribution, manufacturing, lumber and building materials, transportation, and commercial property ownership and development industries, among other industries.
After the closing, Anthony Johnson, president of Comcover, and his staff will join Brown & Brown of Florida’s existing Fort Lauderdale and Miami Lakes, Florida profit centers, under the leadership of Michael Keeby and Colin Lowe, respectively.
The transaction is expected to close in early January 2011.
Was this article valuable?
Here are more articles you may enjoy.
‘Ghost Broker’ Who Procured 1,120 Policies Through Fraud Arrested 
Need Wind Mitigation? New Florida Insurer Wants to Help With That 
Florida’s Unemployment Rate Is Surging Even as High-Profile Companies Move In 
US P/C Rebounds to Post Q1 Underwriting Gain; Net Income Doubles 
