Posted on 02 Mar 2010
J. Scott Penny, Regional Executive Vice President of Brown & Brown, Inc., and Gregory P. DiMartino, President of DiMartino Associates, Inc., of Seattle, Washington, announced last week the acquisition of the insurance agency and brokerage business-related assets of DiMartino Associates, Inc. by Brown & Brown of Washington, Inc., a subsidiary of Brown & Brown, Inc.
Founded in 1990, DiMartino Associates, with annual revenues of approximately $4.3 million, offers employee benefit solutions, including plan design and selection, marketing, employee and plan participant communications, and compliance support services to a variety of individual, business, association and governmental clients. The agency has developed particular expertise providing employee benefits products and consulting services to Taft-Hartley Act union trusts, Multiple Employer Welfare Arrangements (MEWAs) and other trusts and associations.
Based in Seattle, Washington, the agency serves clients throughout Washington and the western United States. Greg DiMartino and his staff will continue to operate from their existing Seattle, Washington office.
The selling entity's DiMartino Financial Services division was not part of this transaction and will continue to operate from its existing Seattle location.
Mr. Penny, who is responsible for Brown & Brown's retail operations in Washington, commented, "For 20 years, Greg and his team have developed very strong relationships with their carrier and client partners. We are excited they have chosen to join us. Their addition will enable Brown & Brown and DiMartino Associates to offer expanded employee benefits and property and casualty insurance solutions to our clients."
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.