Posted on 03 Dec 2010
C. Roy Bridges, Regional President of Brown & Brown, Inc., and Lloyd S. Ruland, III and Philip M. Ruland, shareholders of Ruland & Mattingley Insurance Services, Inc. of Laguna Hills, California, today announced the acquisition of substantially all of the assets of Ruland & Mattingley Insurance Services, Inc. by Brown & Brown of California, Inc., a subsidiary of Brown & Brown.
With annual revenues of approximately $1.1 million, Ruland & Mattingley offers employee benefits insurance products and services to businesses and individuals throughout southern California. Lloyd Ruland, Phil Ruland and their team will join Brown & Brown of California's existing Orange, California office, under the leadership of Tim Casey.
Mr. Bridges, who is responsible for Brown & Brown of California's retail operations, commented, "Ruland & Mattingley has been a well-respected member of the California insurance and business community since 1965. We are very pleased that Lloyd, Phil and their team have chosen to join us as we continue to expand our southern California presence."
Brown & Brown, Inc., through its subsidiaries, offers a broad range of insurance and reinsurance products and related services. Additionally, certain Brown & Brown subsidiaries offer a variety of risk management, third-party administration, and other services. Serving business, public entity, individual, trade and professional association clients nationwide, the Company is ranked by Business Insurance magazine as the United States' seventh largest independent insurance intermediary. The Company's Web address is www.bbinsurance.c