Brown & Brown acquires US MGA C & C Risk Services
Insurance broker Brown & Brown has acquired substantially all of the assets of C & C Risk Services, a managing general agent (MGA) providing excess public entity insurance coverage to municipalities in Texas and Florida.
The MGA was founded by Craig Balco and Chris Fuller in 2013. It has annual revenues of approximately $1 million. Following the acquisition, C & C Risk Services will operate as part of Brown & Brown’s wholesale brokerage division from its existing Texas and Florida locations.
Anthony Strianese, president of Brown & Brown’s wholesale brokerage division, commented: “Craig and Chris bring great experience and expertise in the excess public entity insurance market. We are proud to welcome them to the Brown & Brown family and look forward to their growth in Texas, Florida, and beyond.”
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