India, June 10 -- J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (BRO), an insurance brokerage firm, and John Mina, chief executive officer of Accession Risk Management Group, Inc., Tuesday said that Brown & Brown has agreed to acquire RSC Topco, Inc., the holding company for Accession, for $9.825 billion.
The transaction is expected to add to Brown & Brown's 2024 adjusted earnings per share.
Accession, a privately held insurance brokerage, recorded adjusted revenue of about $1.7 billion in 2024.
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Upon closing the deal, the Risk Strategies team will become part of Brown & Brown's Retail division, and John Mina will join the retail seni...