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Brown & Brown Inc. on Friday said a unit has acquired the assets of a firm that provides professional liability insurance products and services to professionals including architects and engineers, lawyers, accountants and other specialty customers.
The Daytona Beach, Florida-based brokerage said in a statement its Brown & Brown of Massachusetts LLC unit has acquired substantially all the assets of Poole Professional Cos., which has offices in Wakefield, Massachusetts, Pittsford, New York, and Philadelphia.
Terms of the deal were not disclosed, and a Brown & Brown spokesman could not immediately be reached for comment.
The statement said Poole Professional will operate as a new stand-alone office within Brown & Brown’s retail segment and continue to do business under the leadership of Poole principal Christopher A. Poole from its existing locations.
The brokerage said earlier this month it named Stephen Boyd to the newly created role of senior vice president of technology, innovation and digital strategy.
Brown & Brown of South Carolina Inc. has acquired substantially all of the assets of Cossio Insurance Agency, which focuses on family entertainment and special events services.