Posted on 02 Jul 2010
Linda S. Downs, Senior Executive Vice President of Brown & Brown, Inc., and Todd R. Tyler, Matthew M. Moore and Christopher C. Cook, principals of Commonwealth Insurance Group, LLC, of Charleston, South Carolina, announced on Thursday the asset acquisition of Commonwealth Insurance Group, LLC by Brown & Brown of South Carolina, Inc., a subsidiary of Brown & Brown, Inc.
Founded in 1996 by Todd R. Tyler, Commonwealth Insurance Group, with annual revenues of approximately $2.6 million, provides commercial property and casualty, group employee benefits, and workplace safety and wellness products and services to businesses and organizations in South Carolina and throughout the United States. The agency's proprietary risk and benefit management process, RECON 365(R), assists clients in assessing their current situation and evaluating their future needs.
In coordination with Brown & Brown of South Carolina's Vice President, Richard K. "Rick" Hawkins, Brown & Brown of South Carolina's existing Charleston office will move into and combine with Commonwealth Insurance Group's existing office in North Charleston, under the leadership of Todd Tyler.
Ms. Downs, who is responsible for Brown & Brown of South Carolina's retail operations, commented, "Todd, Matthew and Chris have built one of the premier insurance organizations in the Palmetto State. We are very excited to bring our two Charleston teams together. This combination will bring to our clients, particularly contractors, the benefit of Commonwealth's expertise, while offering Commonwealth's customers a broader range of insurance market alternatives."
Brown & Brown, Inc. and its subsidiaries offer a broad range of insurance and reinsurance products and services, as well as risk management, third party administration, managed health care, and Medicare set-aside services and programs. Providing service to business, public entity, individual, trade and professional association clients nationwide, the Company is ranked by Business Insurance magazine as the sixth largest independent insurance intermediary in the United States. The Company's Web address is www.bbinsurance.com.