NU Online News Service, Jan. 5, 2004, 5:57 p.m. EST – Brown & Brown Inc., Daytona Beach, Fla., has bought the assets of Niagara Insurance Group, Buffalo, N.Y., an insurance agency that sells employee benefits as well as commercial risk management services.[@@]
The price of the deal was not disclosed.
The announcement appeared just a week after Niagara said it had acquired the John G. Berger Insurance Agency Inc., Buffalo. Niagara has more than 30 employees and reports about $4.5 million in annual revenue.
Brown & Brown plans to let Niagara merge the local Brown & Brown office into its own operations.