Brown & Brown announces Alpha Benefits acquisition
Brown & Brown, a US-based provider of insurance and reinsurance, has reported acquiring the assets of Alpha Benefits Group through a company subsidiary.
Pennsylvania-based Alpha Benefits Group provides individual and group employee benefits insurance. Its annual revenues are around $5 million.
Alpha Benefits will continue operating in its Pennsylvania offices as a freestanding independent branch of Brown & Brown.
This announcement marks the third acquisition for Brown & Brown within a week. On Monday the group revealed that they had acquired Connecticut-based Dill Joyce & Thresher, and on Tuesday announced the acquisition of Florida-based HBA Insurance Group.
The acquisitions add to Brown & Brown’s already extensive portfolio, who in addition to insurance services, already provide managed health care, third-party administration, and Medicare services and programmes.
Regional president of Brown & Brown, Thomas Riley, said that the acquisition will bring his company “even more new opportunities and experience.”
Category: Companies News, Insurance News
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