Brown & Brown Inc

XMUN:BTW

Business Description

Sector

Financials

Industry

Insurance

Headquarters

United States of America US

Employees

14 531

IPO date

Dec 8, 1997

Brown & Brown is an insurance brokerage company, not an insurance carrier. It helps businesses and individuals buy property and casualty insurance, employee benefits coverage, and some personal insurance, and it also places specialty and wholesale insurance for harder-to-cover risks. In simple terms, it acts as a middleman and adviser between customers who need coverage and the insurers that provide it.

Its main customers are companies of many sizes, public entities, and individual clients who want help finding the right policies and managing risk. Brown & Brown makes money mostly through commissions and fees tied to the policies it places, as well as service fees for brokerage, consulting, and administration work. Because it does not usually take the insurance risk itself, the business is built around matching clients with carriers and helping keep those relationships in place.

What makes Brown & Brown different is its role in the insurance value chain. It sits between insurers and buyers, using its relationships, market access, and specialty expertise to find coverage in areas that can be complex or difficult to insure. That gives it a steadier, service-based business model than an insurer, with earnings driven by client relationships, renewal activity, and the amount of insurance it helps place.