Brown & Brown Subsidiary Acquires Assets of ARMR – RVBusiness – Breaking RV Industry News
DAYTONA BEACH, Fla. – J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and David Dybdahl and Cynthia Statz, owners of American Risk Management Resources Network, LLC (ARMR), today announced that a Bridge Specialty Group company and subsidiary of Brown & Brown, Inc. has acquired the assets of ARMR.
ARMR is a specialty wholesale environmental insurance brokerage platform serving production partners nationwide. The ARMR team combines a deep knowledge of environmental risks and insurance with customized environmental insurance placement designs. ARMR will continue to operate from Madison, Wisconsin, under the operational leadership of Kari Kohal, president. David Dybdahl will continue with ARMR, focusing on building new product offerings and sharing his curated knowledge of environmental risks and insurance through education and training. Kari and David will report to Walter Grote, chief underwriting officer and central regional president of Bridge Specialty Group.
Steve Boyd, president of Bridge Specialty Group, stated, “We are thrilled that the ARMR team is joining Bridge Specialty Group. For over two decades, ARMR has proven itself a leader in the environmental casualty sector. The addition of ARMR represents continued execution of our strategy to deliver specialty niche capabilities for our customers across Bridge Specialty Group.”
David Dybdahl said, “We are very excited to become part of Bridge Specialty Group. ARMR and Bridge Specialty Group are aligned in our focus on customer service and our vision for the future. We believe Bridge is uniquely positioned to allow ARMR to bolster and expand upon the established value proposition we offer our retail insurance brokerage partners.”
