Brown & Brown announced that it has entered into an accelerated share repurchase program (ASR) with JPMorgan Chase Bank, National Association, for up to $75m of the Company's common stock.
The ASR is part of the Company’s board-approved $200 million share repurchase program announced on July 21, 2014 and the Company’s board-approved $400 million share repurchase program announced on July 20, 2015.
Brown & Brown, through its licensed subsidiaries, offers a broad range of insurance and related services, as well as risk management, third-party administration, managed health care, and Medicare set-aside services and programs.
Providing service to business, public entity, individual, trade and professional association clients nationwide, the Company is ranked by Business Insurance magazine as the United States’ sixth largest independent insurance intermediary.