Brown & brown, inc. announces sale of certain third-party administer businesses and enters into long-term strategic relationship with davies group ltd.

Daytona beach, fla., oct. 31, 2023 (globe newswire) -- j. scott penny, chief acquisitions officer of brown & brown, inc. (nyse:bro), today announced an agreement with davies group ltd. (“davies”) that includes the sale of four third-party administrator (“tpa”) businesses and a long-term strategic commercial relationship. the transaction is expected to close in december of 2023, subject to certain closing conditions.
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