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Brown & Brown acquires Washington agency

Posted On: Apr. 15, 2019 9:04 AM CST


Brown & Brown Inc. on Monday said its Oregon unit has acquired Almea Insurance Inc.’s Vancouver, Washington, location.

Terms of the deal were not disclosed.

Almea offers a variety of business insurance products and services to clients in Washington and Oregon and reports annual revenue of $2 million, Daytona Beach, Florida-based Brown & Brown said in a statement.

The Almea team, including shareholders Rebecca L. Lovincey, Kenneth A. Schmidt Jr. and William E. Wilson, will continue doing business from its existing Vancouver location as a branch of Brown & Brown of Oregon LLC’s Portland office under the leadership of Jessica Getman, president of Brown & Brown of Oregon, according to the statement.

Brown & Brown Inc. is the world’s eighth-largest insurance brokerage, according to Business Insurance’s latest ranking