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Brown & Brown Insurance Services of California history
Brown & Brown Insurance Services of California company history timeline
In 1969, Jordan created the company's first standardized policy for small businessmen.
The company made an initial public offering of stock in 1973 and began branching outside of Florida.
1973: Poe & Associates makes its first public offering of stock.
Although they had been competitors for years, Poe and Brown had much in common. It was Poe who approached Brown about a possible merger in September 1992.
But by 1995, unlike other brokers, Poe & Brown was poised to expand.
Before joining Hays Companies in 1996, she was the marketing manager for Sedgwick.
Revenues reached $118.7 million in 1996, with a net income of $16.5 million.
In 1997 Poe & Brown introduced a liability package for small to medium-sized architectural and engineering firms, rolling it out initially in Illinois, Massachusetts, New Jersey, Ohio, and Texas.
Before launching his insurance career, John played baseball for the University of Mississippi, and he was the assistant baseball coach at Jefferson Davis Community College for two years where he helped lead the team to a National Championship in 1998.
Bolstered by contributions from its acquisitions, Poe & Brown saw its revenues increase to $153.8 million in 1998 and its profits soar by 23.5 percent, reaching $23.1 million.
The new Brown & Brown continued its aggressive expansion program in 1999, acquiring 10 more independent insurance agencies and brokerages.
1999: Company name changed from Poe & Brown to Brown & Brown.
The company announced its 2000 financial numbers, which again reflected record results.
Brown & Brown's acquisition spree continued into 2001, as Brown & Brown added to its already dominant presence in Florida, as well as buying The Harris Agency of Manassas, Virginia, which added the Washington, D.C., metropolitan area.
John joined Brown & Brown in January 2002.
Don joined the team via the acquisition process in 2004 and held positions in sales, office leadership and regional management, before being promoted to his current role of SVP and regional president.
Joe began his career at Brown & Brown in June 2006 as part of the Internal Audit Financial Team.
After growing the business by more than 50 percent, Rich was promoted and asked to run one of Brown & Brown’s larger offices in Bethlehem, Pennsylvania, in 2006.
In 2008, that firm was purchased by Brown & Brown, at which time Mike took over responsibilities for the Palm Beaches and eventually, Fort Lauderdale, and now he serves as regional president.
John continued in that role until 2009 when he moved west to lead Brown & Brown’s Phoenix, Arizona, office.
After successfully building that business by more than 20 percent and growing his team over nearly 10 years, Rich was promoted to regional vice president in 2011.
He was named regional president in 2015 with responsibilities in New Jersey, Pennsylvania, Delaware and New York.
He was promoted to his current position of Retail segment regional president in June of 2016.
Before Brown & Brown acquired Hays Companies in 2018, Mary served as Hays Companies’ national president of property and casualty.
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Brown & Brown Insurance Services of California competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Oak Bridge Advisors Inc | - | $260,000 | 2 | - |
| Brown & Brown | 1939 | $4.8B | 11,136 | 388 |
| Insurance Office of America | 1988 | - | 1,300 | 10 |
| USI Insurance Services | 1994 | $8.2B | 8,290 | 3 |
| Alliance Insurance Group | 1988 | $47.0M | 50 | 2 |
| Palomar Insurance | 1954 | $8.1M | 50 | 6 |
| Van Gilder Insurance | 1905 | $170.0M | 150 | - |
| Lyons Companies | 1984 | $3.8M | 35 | - |
| Lovitt & Touché, A Marsh McLennan Agency | 1911 | $37.5M | 200 | - |
| CIA - Commercial Insurance Associates | 2002 | $4.0M | 122 | 5 |
Brown & Brown Insurance Services of California history FAQs
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