Brown & Brown Takes Over Assets of Technical Risks
Florida-based Brown & Brown Inc. announced it has acquired the assets of Technical Risks,LP, of Houston, Texas. The transaction was effective October 1, 2002.
Technical Risks, with annualized revenues of approximately $3.3 million, is a commercial property and casualty insurance agency serving clients in the greater Houston area and throughout Texas. While specializing in mid-size to large commercial accounts, they also provide a full range of personal insurance products.
Susan Fontaine, executive vice president of Technical Risks and Profit Center Manager, along with the existing staff, will remain at their current location and continue to operate under the Technical Risks name as a freestanding Brown & Brown operation.
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