Bridge Specialty Group acquires the assets of Shoemaker & Besser Associates, Inc.

Core Viewpoint - Brown & Brown, Inc. has acquired the assets of Shoemaker & Besser Associates, enhancing its market offerings and capabilities in the insurance sector [1][2]. Company Overview - Brown & Brown, Inc. is a leading insurance brokerage firm established in 1939, with over 700 locations and a workforce of more than 23,000 professionals [5]. - Shoemaker & Besser, founded in 1959, operates as a full-service managing general agent and wholesale insurance brokerage based in York, Pennsylvania [2]. Acquisition Details - The acquisition involves a subsidiary of Brown & Brown, specifically Bridge Specialty Group, which aims to enhance market access and service offerings for Shoemaker & Besser's clients [1][3]. - The Shoemaker & Besser team will continue operations in York, Pennsylvania, under the leadership of Jason Haupt, regional president of Bridge Specialty Group's Mid-Atlantic and Delta region [2]. Strategic Benefits - Anurag Batta, president of Bridge Specialty Group, emphasized that the integration of Shoemaker & Besser will add value to retail brokers and expand the solutions available within their Contract Binding and Light Brokerage business [3]. - The owners of Shoemaker & Besser expressed that the merger will provide enhanced market access while maintaining their commitment to personalized service [3]. Industry Context - Bridge Specialty Group is recognized as a leading global insurance wholesaler, equipped to address complex risk challenges with specialized knowledge and access to various insurance markets [4].