Brown & Brown of Florida has purchased certain assets of Behnke & Associates, a personal lines property and casualty insurance provider, for an undisclosed sum.
Under terms of the agreement, Behnke & Associates’ Hollywood office will join Brown & Brown of Florida’s existing Miami Lakes office, while its Pembroke Pines office will remain trading from its existing location.
Behnke & Associates principal Mark Introcaso will oversee daily operations of the team, under the direction of Colin Lowe, profit center leader of Brown & Brown of Florida.
Behnke & Associates president Fred Behnke said the consolidation of two firms will enable them to leverage their expertise to strengthen their business of personal lines property and casualty insurance in the region.
Established in 1995, the personal lines insurance provider has annual revenues of approximately $4m and operates throughout South Florida.
Brown & Brown provides various insurance and reinsurance products and related services as well as risk management, third-party administration, and other services through its subsidiaries.