Brown & Brown acquires agriculture insurance agencyPosted On: Aug. 15, 2019 12:00 PM CST
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.