Brown & Brown said Friday it has completed its $9.83 billion purchase of Accession Risk Management Group, the parent company of retailer Risk Strategies Co. and wholesaler One80 Intermediaries.
The brokerage announced the deal in June. It’s the largest in its long history of acquisitions.
The deal will add about $1.7 billion in annual revenue to Brown & Brown, which reported $4.71 billion in revenue in 2024. Brown & Brown is the seventh-largest broker of U.S. business, based on 2024 revenue, and this purchase could propel it into the top five.
Accession was the 13th-largest broker of U.S. business last year, according the Business Insurance’s most recent ranking.
Based in New York, Stephen Freeman is a Senior Editor at Trending Insurance News. Previously he has worked for Forbes and The Huffington Post. Steven is a graduate of Risk Management at the University of New York.