4 days ago
- Business
- Wall Street Journal
Brown & Brown Enters $9.83 Billion Deal for Accession Risk Management
Brown & Brown has agreed to acquire Accession Risk Management Group in a cash-and-stock deal worth $9.83 billion, expanding its footprint in insurance distribution and risk specialty.
The Daytona Beach, Fla., insurance brokerage said Tuesday that it will pay $8.1 billion in cash and about $1.3 billion in stock priced at $110.57 a share, Brown & Brown's closing price on June 6, for Accession holding company RSC Topco.
