Brown & Brown reorganizes wholesale, programs business

Brown & Brown said Tuesday it has rebranded its wholesale, program and related businesses as Arrowhead Intermediaries and is integrating its recently purchased One80 Intermediaries into the unit.

The brokerage acquired One80 in its recently closed $9.83 billion acquisition of Accession Risk Management, the parent of Risk Strategies Co.

Arrowhead is the name Brown & Brown retained for its program business after buying program manager Arrowhead General Insurance Agency in 2011.

Chris Walker will be chairman of Arrowhead Intermediaries and Steve Boyd will be CEO. The two executives previously led Brown & Brown’s specialty distribution business.

The unit will have 7,000 staff and place about $18 billion in premium, Brown & Brown said.

Arrowhead Intermediaries will comprise Arrowhead Programs, which will handle program business offered through managing general agents and managing general underwriters; Arrowhead Specialty, focusing on affinity and administrative services, captives, reinsurance, travel and accident insurance, warranty business, employee benefits, and life and health insurance; and Bridge Specialty, the broker’s wholesale unit.

Arrowhead Programs will be headed by Tom Kussurelis, who has been chief operating officer of the business since 201. Matthew F. Power, formerly president of One80, will lead Arrowhead Specialty, and Anurag Batta, previously chief operating officer of Bridge, will lead the wholesaler.

One80’s business will be integrated across the three divisions, Brown & Brown said.