Brown & Brown acquires BCM Acquisitions Limited

Brown & Brown (Europe) Limited (Brown & Brown) has acquired commercial motor insurance specialist BCM Acquisitions Limited, trading as 1st UK Broking.

Based in Sunderland, 1st UK Broking was established in 2014 by Managing Director Stuart Crosby, who will continue to lead the business following the completion of the acquisition.

The firm specialises in fleet insurance and also provides a range of business insurance services, including employers’ liability, public liability, buildings and contents insurance. All existing staff will remain with the business, and operations will continue from the current Sunderland office.

Stuart said: “We are excited to join the Brown & Brown team. This opportunity provides us with additional resources and specialisation, enabling us to better serve our customers while maintaining the personal service we’re known for in the North East.”

Following the acquisition, Stuart will report to Neil Thornton, Managing Director North.

Neil commented: “We’re delighted to welcome Stuart and his team to Brown & Brown. This acquisition strengthens our footprint in the North East and aligns with our strategy to grow our presence in key regional markets.”

“1st UK Broking has built a strong reputation for delivering tailored insurance solutions and exceptional customer service. We look forward to working together to build on this success, supporting the team’s growth while continuing to provide high-quality insurance products to their customers.”

The acquisition has received regulatory approval, and the terms of the deal remain undisclosed.

About Brown & Brown

Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm providing enhanced customer-centric risk management solutions since 1939. With a global presence spanning 500+ locations and a team of more than 17,000 professionals, we are dedicated to delivering scalable, innovative strategies for our customers at every step of their growth journey. Learn more at BBrown.com.

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This press release may contain certain statements relating to future results, which are forward-looking statements, including those associated with this acquisition. These statements are not historical facts but instead represent only Brown & Brown’s current belief regarding future events, many of which, by their nature, are inherently uncertain and outside of Brown & Brown’s control. It is possible that Brown & Brown’s actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. Further information concerning Brown & Brown and its business, including factors that potentially could materially affect Brown & Brown’s financial results and condition, as well as its other achievements, is contained in Brown & Brown’s filings with the Securities

and Exchange Commission. Such factors include those factors relevant to Brown & Brown’s consummation and integration of the announced acquisition, including any matters analyzed in the due diligence process and material adverse changes in the business and financial condition of the seller, the buyer, or both, and their respective customers. All forward-looking statements made herein are made only as of the date of this release, and Brown & Brown does not undertake any obligation to publicly update or correct any forward-looking statements to reflect events or circumstances that subsequently occur or of which Brown & Brown hereafter becomes aware.