President James T. Strickland and the existing AGA staff will continue to operate from their current location as a satellite office of the existing Atlanta-area retail office of Brown & Brown Insurance of Georgia Inc. in Duluth, Ga., the broker said.
The acquisition was announced last month (BestWire, Dec. 21, 2007).
Brown & Brown was the seventh-largest insurance broker based on total revenues in 2006, according to the Best's Review ranking of top global insurance brokers. Based in Daytona Beach and Tampa, Fla., the broker offers insurance and reinsurance products and services, as well as risk management, third-party administration, managed health care and Medicare set-aside services and programs.
Shares of Brown & Brown were trading at $22.25 on Jan. 9, down 1.42% from the previous close.
(By Alyn Ackermann, senior associate editor, BestWeek: Alyn.Ackermann@ambest.com)
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