Bridge Specialty Group, a subsidiary of Florida-based Brown & Brown, Inc., has acquired the assets of Shoemaker & Besser, a managing general agent and wholesale insurance brokerage located in York, Pennsylvania.
The announcement said that Shoemaker & Besser team will continue to operate from York, reporting to Jason Haupt, regional president of Bridge Specialty Group’s Mid-Atlantic and Delta region.
Shoemaker & Besser owners Jack Brubaker, president, and Allan Boyd, vice president, said the retail agents their firm serves will “enjoy a very broad market reach both in personal and commercial lines to help them address their customers’ needs” as a result of the deal.
Anurag Batta, president of Bridge Specialty Group, said the merger will enhance his firm’s contract binding and light brokerage business.
Bridge Specialty Group, a division of Arrowhead Intermediaries, is an insurance wholesaler with a nearly $7 billion premium book, more than 50 locations and 2,000 employees. Its practice groups include property, casualty, environmental, executive risk, farm and ranch, personal lines, public entity, transportation and workers’ compensation.
Topics
Mergers & Acquisitions
Agencies
Excess Surplus
Pennsylvania
Was this article valuable?
Yes
No
Here are more articles you may enjoy.
Interested in Agencies?
Get automatic alerts for this topic.