J. Scott Penny, chief acquisitions officer of Brown & Brown (BRO), and Kenneth Robinette, the principal of Bellingham Underwriters announced that a subsidiary within Brown & Brown, National Programs Division has acquired certain assets of Bellingham Underwriters.
Bellingham Underwriters was founded in 2006 by Ken Robinette and has annual revenues of approximately $4.6m.
The company is a managing general underwriter that specializes in providing insurance solutions for transportation and related risks.
Following the transaction, Ken Robinette and his team will continue to serve their clients from their existing Bellingham, Washington location.
Steve Boyd, Executive Vice President of Brown & Brown’s National Programs Division, stated, "I continue to be impressed with Ken and the rest of the Bellingham Underwriters team. Their strong carrier relationships, superior customer service, and unique approach to underwriting have enabled them to stand out as a leader in our industry. We are excited that they have chosen to join Brown & Brown."
Brown & Brown, through its subsidiaries, offers a broad range of insurance and related services. Additionally, certain Brown & Brown subsidiaries offer a variety of risk management, third-party administration, and other services.