Latest news with #Accession
Hamilton Spectator
01-08-2025
- Business
- Hamilton Spectator
Brown & Brown, Inc. completes the acquisition of Accession Risk Management Group
DAYTONA BEACH, Fla., Aug. 01, 2025 (GLOBE NEWSWIRE) — Brown & Brown, Inc. (NYSE:BRO) today announced the completion of the previously announced acquisition of RSC Topco, Inc. ('RSC' or 'Accession'), the holding company for Accession Risk Management Group, Inc. Brown & Brown, Inc. is a leading insurance brokerage firm delivering comprehensive and customized insurance solutions and specialization since 1939. With a global presence spanning 700+ locations and a team of more than 23,000 professionals, following the acquisition of Accession, we are dedicated to delivering scalable, innovative strategies for our customers at every step of their growth journey. Learn more at . For more information: Investors R. Andrew Watts Chief Financial Officer (386) 239-5770 Media Jenny Goco Director of Communications (386) 333-6066
Toronto Star
01-08-2025
- Business
- Toronto Star
Brown & Brown, Inc. completes the acquisition of Accession Risk Management Group
DAYTONA BEACH, Fla., Aug. 01, 2025 (GLOBE NEWSWIRE) — Brown & Brown, Inc. (NYSE:BRO) today announced the completion of the previously announced acquisition of RSC Topco, Inc. ('RSC' or 'Accession'), the holding company for Accession Risk Management Group, Inc. Brown & Brown, Inc. is a leading insurance brokerage firm delivering comprehensive and customized insurance solutions and specialization since 1939. With a global presence spanning 700+ locations and a team of more than 23,000 professionals, following the acquisition of Accession, we are dedicated to delivering scalable, innovative strategies for our customers at every step of their growth journey. Learn more at
Globe and Mail
01-08-2025
- Business
- Globe and Mail
Brown & Brown, Inc. completes the acquisition of Accession Risk Management Group
DAYTONA BEACH, Fla., Aug. 01, 2025 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) today announced the completion of the previously announced acquisition of RSC Topco, Inc. ('RSC' or 'Accession'), the holding company for Accession Risk Management Group, Inc. Brown & Brown, Inc. is a leading insurance brokerage firm delivering comprehensive and customized insurance solutions and specialization since 1939. With a global presence spanning 700+ locations and a team of more than 23,000 professionals, following the acquisition of Accession, we are dedicated to delivering scalable, innovative strategies for our customers at every step of their growth journey. Learn more at For more information: Investors R. Andrew Watts Chief Financial Officer (386) 239-5770 Media Jenny Goco Director of Communications (386) 333-6066
Yahoo
23-06-2025
- Business
- Yahoo
KBW Raises Target on Brown & Brown, But Kept Bearish Stance
Keefe, Bruyette & Woods bumped its price target on Brown & Brown (NYSE:BRO) from $100 to $102 on June 13, but kept its Underperform rating in place. The change came on the heels of the company's announced acquisition of Accession, which is expected to close by mid-Q3 2025. The firm raised its earnings estimates in response to the deal. The 2025 EPS forecast was increased to $4.15 (from $4.10), and 2026 to $4.75 (from $4.50). KBW also introduced a 2027 EPS forecast of $5.25. Most of the upside is tied to higher expected revenue and earnings from the acquisition, though KBW pointed to offsetting factors like higher interest costs and a rising share count. Despite the upward revisions, KBW isn't shifting its view on the stock. The Underperform rating stays in place due to concerns about near-term organic growth. The firm pointed to Q2 2025 as a key pressure point -- property insurance rates are expected to decline, and those numbers will be going up against strong comps from Q2 2024. That could make year-over-year growth look weak, even if the fundamentals remain stable. Not everyone agrees with KBW. We recently shared a . While we acknowledge the potential of BRO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-06-2025
- Business
- Yahoo
Brown & Brown to buy Accession Risk Management for $9.82bn
Brown & Brown has agreed to acquire RSC Topco, the holding company for Accession Risk Management Group, for a gross purchase price of $9.83bn. The terms of the agreement stipulate that Brown & Brown will acquire RSC on a cash and debt-free basis. Accession, established in 1997, operates Risk Strategies, a specialty brokerage, and One80 Intermediaries, an insurance wholesaler and programme manager. The company employs more than 5,000 insurance professionals across the US and Canada and reported pro forma adjusted revenues of around $1.7bn for 2024. Post-acquisition, Risk Strategies will become part of Brown & Brown's Retail segment, with John Mina, the current leader, joining the retail senior leadership team. Additionally, Brown & Brown will merge its Programmes and Wholesale Brokerage segments into a new specialty distribution segment. One80 Intermediaries will be incorporated into the specialty distribution segment, with executive Matt Power joining the senior leadership team. The acquisition is expected to strengthen Brown & Brown's customer, carrier partner relationships, enhance trading platforms for insurance carrier partners and contribute to revenue and cash flow growth. Brown & Brown president and CEO J. Powell Brown said: 'Combining with Risk Strategies and One80 represents a unique opportunity to bring the best of both organisations to the forefront, enabling us to augment and strengthen our collective growth." The acquisition is subject to customary closing conditions and regulatory approvals, with an expected completion date in the third quarter of 2025 (Q3 2025). Accession CEO John Mina stated: 'As we began contemplating the next major leap in our journey, we were adamant that any potential partner must have the capability and conviction to strengthen our ability to create an industry powerhouse, win amid industry consolidation, lead through innovation and champion our cultural values. "We are pleased to have found that in Brown & Brown.' In April this year, Brown & Brown (Europe) acquired Irvine Commercial Insurance Brokers, a Kenilworth-based company specialising in insurance broking services for small and medium-sized enterprises in the UK. "Brown & Brown to buy Accession Risk Management for $9.82bn " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
