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Daytona Beach's Brown & Brown makes $10 billion acquisition, its largest ever
- Brown & Brown Inc., based in Daytona Beach, Florida, announced on June 10, 2025, its agreement to acquire Accession Risk Management Group for about $9.8 billion, with the deal expected to close in Q3 2025.
- Accession, headquartered in Boston and founded in 1997, owns Risk Strategies and One80 Intermediaries, and the acquisition follows their search for a partner with strength, innovation, and cultural alignment as stated by Accession CEO John Mina.
- Following the acquisition, Risk Strategies will become part of Brown & Brown’s retail division, while One80 will be incorporated into a newly established specialty distribution division managed by Steve Boyd, Chris Walker, and Matt Power. Additionally, John Mina will join Brown & Brown’s senior leadership team.
- Accession has over 5,300 employees throughout the U.S. and Canada and reported approximately $1.7 billion in revenue for 2024. Risk Strategies, recently recognized among IJ’s Top 100 P/C Agencies, generated around $1.3 billion in property and casualty revenue the same year. Meanwhile, Brown & Brown ranks as the seventh-largest insurance brokerage worldwide, with total revenues of about $4.3 billion.
- This acquisition aims to expand Brown & Brown’s market reach and offerings, serving as a growth catalyst amid industry consolidation, though risks related to integration, financing, and economic conditions remain.
12 Articles
12 Articles
The Hamilton Spectator
Inside HaltonBrown & Brown, Inc. enters into agreement to acquire Accession Risk Management Group
DAYTONA BEACH, Fla., June 10, 2025 (GLOBE NEWSWIRE) -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE: BRO), and John Mina, chief executive officer of Accession Risk Management Group, Inc. (“Accession”), today announced that Brown &…
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Brown & Brown Enters $9.83 Billion Deal for Accession Risk Management
By John Meyer, consultant in financial affairs – Eurasia Business News, June 10, 2025. Article no. 1552. Brown & Brown has announced a $9.83 billion deal to acquire Accession Risk Management, the parent company of Risk Strategies and One80 Intermediaries. The transaction, combining cash and stock considerations, is part of ongoing consolidation in the fragmented insurance brokerage industry, aiming to expand Brown & Brown’s market share and stre…
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