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Brown & Brown Acquires Rogers Norman

Posted on 03 Nov 2010

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Brown & Brown of Washington Inc. has acquired Rogers & Norman Inc.

Established in 1956, and with annual revenues of about $3.2 million, Rogers & Norman offers insurance in the Seattle area. Rogers & Norman’s employees will initially remain at their downtown Seattle location. Ultimately they will join Brown & Brown’s downtown Seattle office.

J. Scott Penny, regional president of Brown & Brown, said the acquisition is part of the company’s growth strategy for Seattle and the Pacific Northwest. Penny oversees the firm’s retail operations in Washington.

Brown & Brown of Washington is a subsidiary of Daytona Beach-based Brown & Brown Inc. (NYSE: BRO). which offers insurance and reinsurance products and related services. With a market cap of $2.7 billion and total assets of $2.2 billion, Brown & Brown is one of the largest publicly traded companies in the region. Its stock last week reached a new 52-week high of $22.55.