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Brown & Brown appoints new chief acquisitions officer

IBR Staff Writer Published 07 January 2011

Brown & Brown, through its subsidiaries offer a broad range of insurance and reinsurance products and services, has promoted Scott Penny as chief acquisitions officer.

Brown & Brown, a provider of insurance and reinsurance products and services, has promoted Scott Penny as chief acquisitions officer.

Penny, who has served as one of the company's regional presidents since July 2010 and previously served as a regional executive vice president since 2002.

Penny will continue to be responsible for oversight of retail profit center operations of certain of the company's subsidiaries in Connecticut, Illinois, Indiana, Kentucky, Massachusetts, New Hampshire, New Jersey, Pennsylvania and Washington.

Penny will also continue to oversee the operations of Axiom Re in Florida and North Carolina, and will assume responsibility for the oversight of Florida Intracoastal Underwriters.

Brown & Brown president and CEO Powell Brown said that Scott has been actively involved and very successful in identifying and negotiating quality acquisitions country-wide for the past several years.

"I am very pleased that Scott will be assuming this expanded responsibility. His personal focus portends continued expansion of our merger and acquisition activity," Brown said.