Jim W. Henderson, President and Chief Operating Officer of Brown & Brown, Inc. (NYSE: BRO), and Theodore A. "Ted" Betoni, Jr., President of Acumen Re Management Corporation, of Mount Laurel, New Jersey, Friday announced the asset acquisition of Acumen Re Management Corporation by Brown & Brown, Inc. The transaction is effective March 1, 2003.
Acumen Re Management Corporation, with annual revenues of approximately $2,000,000, is a reinsurance underwriting management organization, primarily acting as an outsourced specific excess workers' compensation facultative reinsurance underwriting facil...
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