Bridge Specialty Expands Reach with Acquisition of Pennsylvania Wholesale Broker

Bridge Specialty Group, a subsidiary of Florida-based Brown & Brown, Inc., has made a significant move by acquiring the assets of Shoemaker & Besser, a managing general agent and wholesale insurance brokerage based in York, Pennsylvania.

This acquisition will allow the Shoemaker & Besser team to continue their operations from York, under the leadership of Jason Haupt, who serves as the regional president of Bridge Specialty Group’s Mid-Atlantic and Delta region.

Jack Brubaker, president of Shoemaker & Besser, along with vice president Allan Boyd, expressed their enthusiasm about the merger. They noted that the retail agents their firm serves will benefit from an expanded market reach in both personal and commercial lines, enabling them to better meet their customers’ needs.

Anurag Batta, president of Bridge Specialty Group, emphasized that this merger will significantly enhance the firm’s contract binding and light brokerage business, positioning them for greater success in the competitive insurance landscape.

Bridge Specialty Group, which operates as a division of Arrowhead Intermediaries, is a prominent insurance wholesaler boasting a nearly $7 billion premium book. With over 50 locations and a workforce of 2,000 employees, the firm specializes in various practice groups, including property, casualty, environmental, executive risk, farm and ranch, personal lines, public entity, transportation, and workers’ compensation.

Topics
Mergers & Acquisitions
Agencies
Excess Surplus
Pennsylvania

Bridge Specialty Group, a subsidiary of Florida-based Brown & Brown, Inc., has made a significant move by acquiring the assets of Shoemaker & Besser, a managing general agent and wholesale insurance brokerage based in York, Pennsylvania.

This acquisition will allow the Shoemaker & Besser team to continue their operations from York, under the leadership of Jason Haupt, who serves as the regional president of Bridge Specialty Group’s Mid-Atlantic and Delta region.

Jack Brubaker, president of Shoemaker & Besser, along with vice president Allan Boyd, expressed their enthusiasm about the merger. They noted that the retail agents their firm serves will benefit from an expanded market reach in both personal and commercial lines, enabling them to better meet their customers’ needs.

Anurag Batta, president of Bridge Specialty Group, emphasized that this merger will significantly enhance the firm’s contract binding and light brokerage business, positioning them for greater success in the competitive insurance landscape.

Bridge Specialty Group, which operates as a division of Arrowhead Intermediaries, is a prominent insurance wholesaler boasting a nearly $7 billion premium book. With over 50 locations and a workforce of 2,000 employees, the firm specializes in various practice groups, including property, casualty, environmental, executive risk, farm and ranch, personal lines, public entity, transportation, and workers’ compensation.

Topics
Mergers & Acquisitions
Agencies
Excess Surplus
Pennsylvania