Brown & Brown (Europe) Limited has announced the acquisition of 100% of the share capital of R McGee Insurance Brokers Limited, a family-run personal and commercial lines broker based in Maesteg, Glamorgan. The business will be managed by Matt Hartigan, Retail Director and CEO of Higos, Brown & Brown’s broker for the South West.
Hartigan commented: “At Brown & Brown, we love family businesses, and McGee is no exception. Andrew, Julie and Simon’s business is an object lesson in how to build a successful community broker predicated on high-quality service and a deep understanding of the community where the firm operates.”
Andrew McGee, MD of R McGee, said: “We’re looking forward to putting our future and those of our customers into the hands of Brown & Brown. The family ethos that runs through the business even now was apparent in our discussions with Matt, and that was an important factor in our decision to sell. Matt painted a compelling picture of the opportunities ahead for ourselves and our customers and clients, and we’re excited to be a part of it.”
The McGee office in Maesteg will remain in place, and the entire team will move across to become Brown & Brown teammates. The deal has received regulatory approval, and the consideration is undisclosed.
Brown & Brown (Europe) Limited is an operating unit of Brown & Brown, Inc.’s Retail segment, and delivers retail broking, specialist MGA, network and Lloyd’s businesses to individuals and businesses around the world. Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm, providing risk management solutions since 1939.
Derick is an experienced reporter having held multiple senior roles for large publishers across Europe. Specialist subjects include small business and financial emerging markets.