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Brown & Brown acquires agriculture insurance agency

Posted On: Aug. 15, 2019 12:00 PM CST

Agriculture insurance

Brown & Brown of Florida Inc. has acquired CKP Insurance LLC, Brown & Brown Inc. said Thursday.

Terms of the transaction were not disclosed.

CKP, based in Boca Raton, Florida, serves the agricultural industry throughout the United States and provides property/casualty insurance to customers in Florida, Daytona Beach, Florida-based Brown & Brown said in a statement.

CKP will operate as a stand-alone entity from existing offices in Florida, Arizona and New Mexico within Brown & Brown’s retail segment under principals Chuck Hemphill and Kevin Rader, the statement said.

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