Brown & Brown Acquires Florida’s Comcover Insurance

Insurance broker Brown & Brown of Florida Inc. has agreed to buy to buy substantially all of the assets of Comcover Insurance Group Inc., based in Dania, Fla.

With annualized revenues of approximately $1.6 million, Comcover specializes in property/casualty insurance for clients in the wholesale, distribution, manufacturing, lumber and building materials, transportation, and commercial property ownership and development industries, among other industries.

After the closing, Anthony Johnson, president of Comcover, and his staff will join Brown & Brown of Florida’s existing Fort Lauderdale and Miami Lakes, Florida profit centers, under the leadership of Michael Keeby and Colin Lowe, respectively.

The transaction is expected to close in early January 2011.