Brown & Brown unit buys environmental brokerage platform

Bridge Specialty Group LLC, a subsidiary of Brown & Brown Inc., Tuesday said it has acquired the assets of American Risk Management Resources Network LLC.

Terms of the transaction were not disclosed.

American Risk is a national specialty wholesale environmental insurance brokerage platform serving production partners nationwide, Brown & Brown said in a statement.

It will continue to operate from Madison, Wisconsin, under the leadership of President Kari Kohal and David Dybdahl, who will remain with American Risk to focus on building new product offerings, the statement said.

Both will report to Walter Grote, chief underwriting officer and central regional president of Bridge.

Bridge was launched in February 2021 by Brown & Brown to encompass its portfolio of wholesale insurance businesses and now consists of more than 25 brands, the statement said.

Brown & Brown is the sixth-largest broker of U.S. business, according to the most recent Business Insurance rankings.