Wednesday, June 12, 2024

Brown & Brown acquires McNamara Company’s assets

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Brown & Brown acquires McNamara Company’s assets | Insurance Business America

Acquired firm was founded in 1970

Insurance News

Terry Gangcuangco

Brown & Brown, Inc. has acquired the assets of McNamara Company for an undisclosed sum.

Founded in 1970 in Minnesota, McNamara Company is a family-owned agency that has served clients across all 50 states for four generations. They offer a comprehensive range of insurance solutions for businesses, families, and individuals.

Under the deal, the McNamara team, including principals Patrick and Aleshia McNamara, will integrate into the Brown & Brown office in Phoenix where they will report to Scott Jones.

Expressing enthusiasm about the transaction, Brown & Brown’s John Esposito, senior vice president of the retail segment, said: “We are thrilled that Pat, Aleshia, and the McNamara team are joining Brown & Brown.

Meanwhile, the McNamaras shared their excitement, stating: “We are excited to bring our talent together to continue delivering superior service and robust insurance solutions to all our customers.”

Trading since 1939, Brown & Brown employs more than 16,000 people across over 500 locations worldwide.

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