DAYTONA BEACH, Fla., June 18, 2018 (GLOBE NEWSWIRE) -- J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc. (NYSE:BRO), and Craig S. Balco, Sr. and Christopher L. Fuller, the principals of C & C Risk Services, LLC, today announced that a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of C & C Risk Services.

Founded in 2013 by Craig Balco and Chris Fuller, C & C Risk Services is a managing general agent providing excess public entity insurance coverage to municipalities in Texas and Florida. The firm has annual revenues of approximately $1 million. Following the acquisition, C & C Risk Services will operate as part of Brown & Brown’s Wholesale Brokerage Division from its existing Texas and Florida locations.

Anthony T. Strianese, President of Brown & Brown’s Wholesale Brokerage Division, stated, “Craig and Chris bring great experience and expertise in the excess public entity insurance market. We are proud to welcome them to the Brown & Brown family and look forward to their growth in Texas, Florida, and beyond.”

Brown & Brown, Inc., through its subsidiaries, offers a broad range of insurance products and related services. Additionally, certain Brown & Brown subsidiaries offer a variety of risk management, third-party administration, and other services. Serving business, public entity, individual, trade and professional association clients nationwide, Brown & Brown is ranked by Business Insurance magazine as the United States’ sixth largest independent insurance intermediary. Brown & Brown’s Web address is www.bbinsurance.com.