Brown & Brown Acquires Accession Risk Management for $9.83 Billion

Brown & Brown, Inc., a leading insurance brokerage firm, announced on June 10, 2025, its agreement to acquire Accession Risk Management for $9.83 billion. This acquisition is part of a broader trend of significant consolidations in the insurance industry, following Aon's $13 billion purchase of NFP and Marsh McLennan's $7.75 billion acquisition of McGriff Insurance Services.

Accession Risk Management, based in Boston, is the parent company of Risk Strategies and One80 Intermediaries. The company employs over 5,000 professionals across the U.S. and Canada, reported pro forma revenue of $1.7 billion, and placed $15.7 billion in insurance premiums in 2024.

To finance the acquisition, Brown & Brown plans to conduct a $4 billion share sale, which led to a 3% decline in its stock price prior to market opening. The deal is expected to close in the third quarter of 2025, with plans to integrate Brown & Brown's programs and wholesale units into a new specialty distribution segment.

This acquisition underscores the ongoing consolidation within the insurance sector, as firms seek to enhance their market presence and competitive edge through strategic mergers and acquisitions.