Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Life Insurance > Term Insurance

Brown & Brown Buys Again: Blumberg

Your article was successfully shared with the contacts you provided.

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.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.