Brown & Brown acquires portion of Florida agency

Brown & Brown Inc. said Tuesday, that it has acquired certain assets of insurance counseling firm Bentrust Insurance Group.

Miami-based BenTrust provides retail insurance products and services to clients throughout Florida.

Terms of the transaction were not disclosed.

The BenTrust team will remain in their current Miami location as a branch of Brown & Brown’s Miami operations and be managed by Vince Castro, BenTrust’s chief marketing officer. Both offices will be led by Fausto Alvarez Jr., executive vice president of Brown & Brown of Florida, Brown & Brown said in a statement.

“This partnership with Brown & Brown is a win for our clients and our employees. BenTrust looks forward to continuing its tradition of providing high-quality, objective-driven service to its customers, but will now do so with the enhanced strength and resources of a large, national organization,” Mr. Castro said in the statement.

Brown & Brown is the sixth-largest broker of U.S. business, according to Business Insurance’s latest ranking.