Brown & Brown Inc. (BRO) Consolidates Business Segments Following RSC Topco Acquisition

Brown & Brown, Inc. (NYSE:BRO) is one of the best stocks to invest in, according to billionaire George Soros. On August 22, the company confirmed the reorganization of its business segment following the acquisition of RSC Topco.

The company has already consolidated its Programs and Wholesale Brokerage segments into a new Specialty Distribution segment. Consequently, Brown & Brown is to report its financial results under two segments of Retail and Specialty Distribution.

The reorganization follows the completion of the acquisition of Accession Risk Management Group for $9.83 billion as part of its growth strategy. The acquisition is also poised to strengthen the company’s property casualty and employee benefit insurance businesses. It will also bolster its footing in the middle-market segment. Brown & Brown has also expanded its dealer services for core and wheel products.

Brown & Brown, Inc. (NYSE:BRO) is a global insurance intermediary and risk management solutions provider that markets and sells a wide range of insurance products and services, including property, casualty, and employee benefits, to both commercial and individual customers.

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Disclosure: None. This article is originally published at Insider Monkey.

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