Brown & Brown acquires four California companies. (Companies).Brown & Brown Inc. said it would acquire the assets of four subsidiaries of Charter Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Corp. for nearly $64 million, plus the assumption of about $514,760 in liabilities. The acquisition of Cal-Surance Associates Inc., United Network of Insurance Services Inc., Sterling Reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. Intermediaries Inc. and Lancer Claims Services Inc.--all headquartered in Orange, Calif.--required a filing with the U.S. Securities and Exchange Commission since the purchase price exceeded $50 million, said Cory Walker, chief financial officer for Brown & Brown. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion