Brown & Brown set to acquire Accession Risk Management for $9.83 billion
Investing.com -- Insurance brokerage firm Brown & Brown (NYSE:BRO) on Tuesday announced its plans to acquire Accession Risk Management, the parent company of Risk Strategies, in a transaction valued at $9.83 billion.
This acquisition is the latest in a series of significant transactions within the insurance broker industry, which is known for its high degree of fragmentation.
Leading firms in the sector have been seeking to increase their scale and enhance their competitive stance through such strategic deals.
The transaction between Brown & Brown and Accession Risk Management is set to be finalized in the third quarter of 2025.
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