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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
February 03, 2004 at 07:00 PM
NU Online News Service, Feb. 3, 2004, 1:47 p.m. EST – Brown & Brown Inc., Daytona Beach, Fla., has acquired the assets of Blumberg Associates Inc., West Hartford, Conn.[@@]
The price and other financial terms were not immediately available.
Blumberg, founded by Arthur Blumberg, is a retail insurance agency that has been generating about $2 million in annual revenue. It sells employee benefits as well as commercial property-casualty insurance.
Brown & Brown will be hiring Arthur Blumberg, but it will be combining the operations of the agency with those of a Brown & Brown office in Newington, Conn.
Brown & Brown is following a strategy of growing rapidly through the acquisition of existing insurance agencies and financial advisory firms.
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