Brown & Brown and Texas Security General Insurance Agency (TSGA) and related affiliate companies have embarked on an agreement, in accordance with which, certain subsidiaries of Brown & Brown have acquired the assets of TSGA.
TSGA, established in 1995, trades as a wholesale brokerage and serves a number of independent insurance agents offering personal and commercial lines coverage throughout Texas.
Further details of the deal have not been disclosed.
With $5.8m annual revenue, the firm also provides claims management services.
Under the terms of the agreement, TSGA operations will continue to operate from their existing San Antonio, Texas, location under the leadership of TSGA principal Tom Contreras.
Brown & Brown regional president Anthony T Strianese said TSGA has a strong wholesale presence throughout the State of Texas.
"Under Tom’s leadership we see TSGA as serving as a platform for Brown & Brown’s expansion in the Texas personal and commercial wholesale insurance market," Strianese said.
Brown & Brown, through its subsidiaries, provides different kinds of insurance and reinsurance products and related services as well as numerous risk management, third-party administration, and other services.