Brown & Brown Acquires Servco Pacific Insurance in Hawaii

Brown & Brown Inc. has completed its acquisition of Servco Pacific Insurance.

Terms of the deal were not disclosed.

SPI’s Hawaii operations will become Brown & Brown’s primary retail presence in the Islands, and SPI’s Pacific Northwest operations will merge with Brown & Brown’s existing office in Seattle, Wash., under the leadership of Alex Bogaard.

The Hawaii operations will be led by Dean Hirahara and Malcolm Tajiri. The marine operation in the Pacific Northwest will continue to be led by Graham Gardner. All SPI operations will report to John Esposito, regional president of Brown & Brown.

SPI offers a range of property/casualty, and marine insurance products, risk management services, traditional and loss-sensitive insurance programs, and employee benefits consulting.

Brown & Brown through its subsidiaries offers insurance products and related services.