Founded in 1939, Brown & Brown, Inc. (BRO) is one of the largest and most respected independent insurance intermediaries in the United States. Traded on the New York Stock Exchange, Brown & Brown is a Fortune 1000 company with annual revenues exceeding $2 billion. The company operates out of Daytona Beach, Florida, with its corporate headquarters anchored in Powell Brown, who has been the President and CEO since July 2009.
Brown & Brown, Inc. provides a broad range of insurance and reinsurance products and services to its clients, primarily in the United States, but also in the United Kingdom and Canada, with a team of over 10,000 skilled professionals. They serve businesses, public entities, organizations, institutions, and individuals.
Their approach to business is a client-centric one, offering customized solutions to wholesome insurance needs, including property and casualty insurance, employee benefits, professional risk, and reinsurance. These services are distributed through four distinct business segments: Retail, National Programs, Wholesale Brokerage, and Services.
In the Retail segment, Brown & Brown offers insurance products and services to various commercial, public entity, professional, and individual customers. The National Programs segment acts as a managing general agent and provides professional liability and related package insurance products for professional groups. The Wholesale Brokerage segment markets and sells excess and surplus commercial insurance; and the Services segment provides insurance-related services, such as third-party claims administration and comprehensive medical utilization management services.
Brown & Brown’s reputation has been built on integrity, innovation, superior capabilities, and discipline, factors that are reflected in the insurance products and services they offer. The corporation has bagged several awards and recognitions over the years for its dedication to providing top-tier services. They comply with rigorous industry standards to uphold their commitment to their clients, shareholders, and insurance carrier partners.
More importantly, Brown & Brown focuses on building long-term relationships with their clients through their decentralized sales and service teams who deal directly with customers and understand the local needs and trends. This approach allows them to create tailored insurance solutions optimizing client benefits and delivering unique competitiveness in the market.
In conclusion, with their dedication to providing wide-ranging services, proven track record of industry excellence, and commitment to customer-centricity, Brown & Brown, Inc., has become a go-to service provider for countless businesses and individuals seeking insurance solutions in their respective industries. As the company moves into the future, it continues to focus on growth and sustainability, all while serving its clients with integrity and competence.