Brown & Brown Acquires Accession Risk Management Group in $9.83 Billion Deal

DAYTONA BEACH, Fla. — Brown & Brown, Inc., a leading insurance brokerage firm, has completed its acquisition of RSC Topco, Inc., the holding company for Accession Risk Management Group, Inc., in a transaction valued at approximately $9.83 billion. The deal, finalized on August 1, 2025, marks a significant expansion of Brown & Brown's capabilities in specialty insurance and risk management services.

Established in 1939, Brown & Brown operates over 700 locations with a workforce exceeding 23,000 professionals. The acquisition of Accession, which includes subsidiaries Risk Strategies and One80 Intermediaries, adds more than 5,000 insurance professionals across the U.S. and Canada to its team. In 2024, Accession reported pro forma adjusted revenues of approximately $1.7 billion and placed over $15 billion in insurance premiums.

"We are excited to welcome the Accession team to Brown & Brown," said J. Powell Brown, president and chief executive officer of Brown & Brown. "Combining with Risk Strategies and One80 represents a unique opportunity to bring the best of both organizations to the forefront, enabling us to augment and strengthen our collective growth."

John Mina, chief executive officer of Accession, echoed this sentiment: "Over the course of nearly 30 years, Accession has advanced an innovative, specialist approach to risk management that has enabled our customers to protect what matters most and produced meaningful value to our shareholders, associates, and partners."

The acquisition is expected to enhance Brown & Brown's presence in the property and casualty, and employee benefits sectors, while strengthening its position in the middle-market segment. The integration plan includes combining Brown & Brown's Programs and Wholesale Brokerage segments into a new Specialty Distribution segment, which will be led by Steve Boyd and Chris Walker. One80 Intermediaries will join this new segment, with Matt Power joining the segment's senior leadership team.

This move aligns with the ongoing consolidation trend in the insurance brokerage industry. In recent years, major mergers have reshaped the landscape, including Aon's $13 billion acquisition of NFP and Marsh McLennan's $7.75 billion purchase of McGriff Insurance Services.

Both Brown & Brown and Accession share a strong entrepreneurial spirit and a focus on significant teammate equity ownership. Approximately 25% of Accession's team owns shares in the company, aligning with Brown & Brown's culture, where 56% of U.S.-based teammates are shareholders.

The financial markets have responded to the acquisition with interest. As of October 15, 2025, Brown & Brown's stock (NYSE: BRO) is trading at $93.77, reflecting the company's strategic growth initiatives.

This acquisition positions Brown & Brown to offer a more comprehensive suite of services to its clients, leveraging the combined expertise and resources of both organizations to meet the evolving needs of policyholders.