This move comes on the heels of Brown & Brown (Europe)’s recent acquisitions. Credit: Kheng Guan Toh/Shutterstock.

US insurance broker Brown & Brown has continued its buying spree by acquiring the assets of McNamara Company.  

Financial terms of the transaction were not disclosed. 

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McNamara Company, a family-owned agency established in 1970 in Minnesota, services clients across all 50 US states.  

The company’s insurance solutions suite caters to businesses, families and individuals.  

As part of the deal, McNamara employees will move to Brown & Brown’s Phoenix office and report to  Phoenix team leader Scott Jones. 

Brown & Brown retail segment senior vice-president John Esposito said: “We are thrilled that Pat, Aleshia and the McNamara team are joining Brown & Brown.  

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“The team brings experience across commercial and personal lines with a focus on franchise owners and operators. We are looking forward to combining our capabilities in our Phoenix office.” 

McNamara company principals Patrick and Aleshia McNamara said: “We are excited to bring our talent together to continue delivering superior service and robust insurance solutions to all our customers.” 

This move comes on the heels of Brown & Brown (Europe)’s acquisitions aimed at bolstering its retail operations. 

Last month, the division announced the purchase of UK-based Garratts Insurance Brokers and the business and assets of BNF Insurance Services.  

Garratts, with a history dating back to 1877, provides an array of insurance products to various clients including commercial and small businesses, property owners, charities and contractors.  

BNF, located in Clacton, Essex, specialises in commercial, creative, property and motor insurance. 

In December 2023, Brown & Brown (Europe) purchased R McGee Insurance Brokers, a family-run brokerage in Maesteg, Glamorgan.