Brown & Brown to acquire Risk Strategies & One80 parent, Accession

Brown & Brown has entered into an agreement to acquire RSC Topco, Inc., the holding company of Accession Risk Management Group, for a gross purchase price of $9.825 billion.

For those unaware, established in 1997, Accession is the parent of Risk Strategies, a specialty brokerage firm, and One80 Intermediaries, an insurance wholesaler and program manager.

The transaction is expected to close in Q3 of 2025, subject to customary closing conditions and regulatory approvals.

J. Powell Brown, president and CEO of Brown & Brown, commented, “We are excited to welcome the Accession team to Brown & Brown.

“Combining with Risk Strategies and One80 represents a unique opportunity to bring the best of both organisations to the forefront, enabling us to augment and strengthen our collective growth.

“The brokerage business built by Mike Christian and John Mina and the wholesaler and program manager business built by Matthew F. Power bring complementary and added capabilities that, when aligned with the broader Brown & Brown organization, further position us to extend our reach and consistently deliver for our customers through enhanced market relationships and expanded offerings. We are confident we will be better together as a combined organisation.”

John Mina, chief executive officer of Accession, added, “Over the course of nearly 30 years, Accession has advanced an innovative, specialist approach to risk management that has enabled our customers to protect what matters most and produced meaningful value to our shareholders, associates and partners.

“As we began contemplating the next major leap in our journey, we were adamant that any potential partner must have the capability and conviction to strengthen our ability to create an industry powerhouse, win amid industry consolidation, lead through innovation and champion our cultural values.

“We are pleased to have found that in Brown & Brown. This is a one-of-a-kind, ‘great acquires great’ transaction, with each company sharing deep commitments to our teammates – and teammate ownership – strong customer relationships and specialisation across core business segments.”

Upon completion of the transaction, the Risk Strategies team will become part of Brown & Brown’s Retail segment, with John Mina joining the Retail senior leadership team.

According to Brown & Brown, the business will remain aligned with its decentralised sales and service model, while gaining access to the firm’s global resources, specialty capabilities and collaborative network.

“In connection with the closing of the acquisition, Brown & Brown will combine its Programs and Wholesale Brokerage segments into a new Specialty Distribution segment, which will be led by Steve Boyd and Chris Walker. One80 Intermediaries will join the operations of our new Specialty Distribution segment, with Matt Power joining the segment’s senior leadership team,” Brown & Brown added.

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