Brown & Brown of Washington, a subsidiary of Brown & Brown, has acquired certain assets of Washington-based Thompson, Spears & Associates.
Established 1997, Thompson, Spears & Associates, serves as the managing general agent for coverage placements through Northwest Employers Trust (NET).
With annual revenues of about $2.4m, Thompson provides group medical and dental coverage to small employer groups in the states of Washington and Oregon through Regence BlueShield and United Concordia Insurance
According to Brown & Brown, Larry Thompson, Winn Spears and staff members of Thompson will remain in Washington office.
Brown & Brown chief acquisitions officer and regional president Scott Penny said Larry and Winn helped NET grow into one of the premier fully-insured trusts in the Northwest to meet the dynamic needs of small employer groups makes this an exciting addition to portfolio of employee benefits products and services.
Brown & Brown, through its subsidiaries, offers a broad range of insurance and reinsurance products and related services. It also offer a variety of risk management, third-party administration, and other services.