The latest acquisition from Brown & Brown;
Brown & Brown (Europe) Limited has acquired business insurance specialists Crosby Insurance Brokers, based in the North East.
The broker will remain in its existing location of Gateshead in Tyne & Wear and will continue to be led by founder and Managing Director Stan Crosby, reporting to Neil Thornton.
Founded in 1991, Crosby Insurance Brokers has built a strong reputation over more than thirty years, offering business and commercial property insurance, as well as personal lines cover.
Commenting on the acquisition, Neil Thornton, Managing Director, North, Brown & Brown Retail, said: “Crosby has built a strong reputation for service and quality over many years, with strong ties to the local business community. I look forward to supporting them as they embark on the next stage of their journey as part of the Brown & Brown team.”
Stan Crosby, Managing Director, Crosby Insurance Brokers, said: “This partnership marks an exciting new chapter for us. Brown & Brown has a strong culture of care that aligns perfectly with our own, allowing us to retain the personal, tailored approach that Crosby has always delivered.”
The acquisition has received regulatory approval, and the consideration for the deal is undisclosed.
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