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Industry Spotlight > Broker Dealers

Brown & Brown Acquires Emerald Benefits

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NU Online News Service, Feb. 14, 2005, 7:05 p.m. EST

A Daytona Beach, Fla., insurance broker has scooped up another Florida firm.[@@]

The broker, Brown & Brown Inc., says it has acquired Emerald Benefits Inc., Weston, Fla., a retail insurance agency that generates $3.8 million in annual revenue.

Emerald Benefits sells benefits products to employers and individuals in South Florida, Brown & Brown says.

The price of the deal was not available, but Brown & Brown says Salvatore Capano, vice president of Emerald Benefits, will continue to manage the agency.