Brown & Brown Acquires Florida Workers' Compensation Agency

Brown & Brown, Inc. has expanded its workers' compensation insurance capabilities through the acquisition of the Campbell Agency, a specialist firm in the sector. The Campbell Agency, established in 1991 by Kevin Campbell, has focused on delivering tailored workers' compensation insurance solutions primarily across North and Central Florida. Key leadership from the acquired firm, including Kevin Campbell and Kian Ostovar, will integrate into Brown & Brown's Tampa and Ocala offices, bringing specialty expertise in workers' compensation. This acquisition enhances Brown & Brown's service offerings within the competitive Florida insurance market, reinforcing its presence in workers' compensation brokerage. Brown & Brown's senior vice president of retail segments highlighted the Campbell Agency team's recognition for deep industry insights, which are expected to complement Brown & Brown's comprehensive service platform. The transaction is a strategic move to consolidate specialized insurance advisory capabilities within Brown & Brown's nationwide operations. Brown & Brown, a longstanding brokerage firm with over 700 locations and more than 23,000 employees, continues to pursue growth through acquisitions that add niche expertise and market reach. The acquisition aligns with Brown & Brown's mission to provide scalable, innovative insurance solutions and customized client experiences. This deal exemplifies the ongoing consolidation trend in the insurance brokerage sector, driven by the need to combine market knowledge and operational scale. The transaction also signals increased consolidation within the Florida workers' compensation insurance market, a sector marked by complex underwriting and regulatory compliance challenges. Integration of seasoned personnel from the Campbell Agency into Brown & Brown's regional offices is expected to improve service quality and customer engagement. The firms anticipate leveraging combined capabilities to meet evolving client demands in the workers' compensation space. Forward-looking statements indicate Brown & Brown acknowledges the uncertainties inherent in merger integrations, including potential impacts on financial results. The company remains committed to transparent communication regarding acquisition outcomes and operational synergies. As regulatory considerations and market conditions evolve, such acquisitions may influence brokerage competitive dynamics and the accessibility of specialized workers' compensation insurance products for clients.