Brown & Brown acquires ICA

Brown & Brown, a firm that offers a broad range of insurance and reinsurance products and related services, has acquired certain assets of ICA, a firm that provides insurance claims adjusting and related services, including third party administration.

ICA was founded by chief executive officer Troy Brown. With annualized net revenues of approximately $13.2 million, following the transaction, the acquired ICA operations will continue to operate from their existing locations in Charlotte, North Carolina; Richardson, Texas; and Gold River, California, under the leadership of Brown.

Sam Boone, regional executive vice president of Brown & Brown, said: “ICA has established itself as a leader in the daily claims adjusting and catastrophe claims adjusting marketplace. We are excited about the ability of Troy and his team to broaden and strengthen our insurance claims adjusting operations throughout the United States.”

Brown stated: "ICA is excited to join forces with Brown & Brown, as both organizations share the vision of taking great care of their clients. This union will bring even greater resources to the marketplace, which will allow us to further enhance our client offerings."