La. Underwriting Firm Bought by Brown & Brown
C. Roy Bridges, regional executive vice president of Brown & Brown Inc., and Geoffrey Hughes and Nancy D. Hughes, principals of Energy and Marine Underwriters Inc. of Kenner, La., announced the asset acquisition of Energy and Marine Underwriters Inc. by Brown & Brown.
Energy and Marine Underwriters, with annualized revenues of approximately $1.8 million, is an insurance wholesaling enterprise that focuses on the specialized needs of the energy and maritime industries and related suppliers. Geoffrey Hughes will serve as Profit Center Manager for this new Brown & Brown stand-alone operation. He and Nancy Hughes, along with their existing staff, will remain at their current location and continue to operate as Energy and Marine Underwriters.
Bridges, who is responsible for Brown & Brown’s operations in Louisiana and several other Southeastern states, commented: “We are very pleased to welcome this dedicated team to our growing family of insurance professionals. Nancy and Geoff and their staff have the same client-focused attitude that is a Brown & Brown hallmark. Their addition further expands our service capabilities in the maritime market and represents our initial entry into the dynamic energy field.”
- Why Toyota RAV4s Are Suddenly the Most Coveted Used Cars in America
- The Future of Appraisal and the Rising Standard of Competency
- Merck to Settle Bulk of Gardasil Suits for About $50 Million
- Social Media Giants to Pay $27 Million in School Suit Accord
- Insurance Attorneys Flip $1M Hail Claim into Nearly $2M Suit for Contractor Interference
- The Adjuster’s Year Ahead: What AI Will and Won’t Change About the Job
- JPMorgan Denies Ex-VP’s Viral Harassment Claims in Court Filing
- ‘Big Tobacco’ Moment for Cannabis: What Insurers Need to Know About Murray v. Cresco