Brown & Brown, a diversified insurance agency, brokerage and service organization, has acquired the assets of Evergreen Re, through its subsidiary.

Jim Henderson, vice chairman and COO of Brown & Brown, said: We have long held Mr Charles and his team in high regard. His company is guided by the same focus on professionalism that is a Brown & Brown hallmark. Evergreen provides complementary capabilities to Axiom Re, our existing reinsurance intermediary, and provides us with another unique niche in which to serve our industry. We look forward to their active participation in our ongoing growth and continued success.

Charles Crispin, president and CEO of Evergreen Re, said: We believe that by joining Brown & Brown, we will be able to provide an increased level of service to our customers, while providing our employees with greater opportunities for future growth and rewards. Our company shares many of the same attributes as Brown & Brown, a fact that helped bring us to this decision.