Brown & Brown to Acquire Assets of Pacific Underwriters – RVBusiness – Breaking RV Industry News

DAYTONA BEACH, Fla. – J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Diane M. Darling, Randall R. Flem and Richard C. Rodruck, the shareholders of The Pacific Underwriters Corporation (“Pacific Underwriters”), today announced that a subsidiary of Brown & Brown Inc. has acquired substantially all of the assets of Pacific Underwriters.

With roots dating back to 1941, Pacific Underwriters acts as a program manager on behalf of certain public utility insurance risk pools in the State of Washington and also offers insurance solutions for dental practitioners in the Pacific Northwest. Following the acquisition, the Pacific Underwriters team will continue doing business from their existing Seattle, Wash., location as part of Brown & Brown’s National Programs segment.

Tom Kussurelis, the chief operating officer of Brown & Brown’s National Programs segment, stated, “This transaction is a unique opportunity for us to boost our capabilities in two different specialized niches. We are pleased to continue expanding the National Programs segment’s abilities and footprint in the Pacific Northwest and look forward to an exciting future of shared success with the talented Pacific Underwriters team.”

Richard Rodruck, president of Pacific Underwriters, stated, “For nearly four decades, Pacific Underwriters has served public utility risk pools as a program manager in the State of Washington. We have also enjoyed a long-standing relationship with Brown & Brown in offering insurance solutions to dentists and dental offices. We are excited about the cultural and operational similarities between our organizations and look forward to continuing to provide the same high-quality, customer-focused service as part of the Brown & Brown team.”

Source: https://rvbusiness.com/brown-brown-to-acquire-assets-of-pacific-underwriters/