DAYTONA BEACH, FL AND TAMPA, FL, May 20, 2014 (Marketwired via COMTEX) -- Brown & Brown, Inc. today announced the completion of the previously-announced acquisition by merger of The Wright Insurance Group, LLC ("TWIG") by Brown & Brown, Inc.
Management teams, services and producer/policyholder relationships remain in place.
Wright Risk Management, LLC, a leading risk financing and insurance management company, and Aquiline Capital Partners LLC (“Aquiline”), a New York based private equity firm investing in financial services, today announced the formation of WRM America Holdings (“WRM America” or “the company”), a specialty lines property and casualty insurance holding company.
A.M. Best Co. has assigned a financial strength rating of A- (Excellent) and issuer credit rating of ”a-” to WRM America Indemnity Company (WRMAI) (Uniondale, NY). The outlook for both ratings is stable.