Brown & Brown (NYSE:BRO) is an independent insurance brokerage and risk management firm that provides a wide range of property and casualty, employee benefits, and specialty insurance products. Through its network of wholly owned subsidiaries, the company delivers brokerage, consulting, underwriting, and claims services to commercial businesses, public entities, professional firms, and individuals. Brown & Brown emphasizes a client-centric approach, pairing local market expertise with specialized industry knowledge to address complex risk management needs.
The firm’s core offerings include commercial property and casualty insurance, professional and financial risk coverage, employee benefits solutions, and personal insurance lines. Brown & Brown also operates dedicated units for wholesale brokerage, program administration, and national specialty operations, allowing it to underwrite and distribute customized insurance programs across various industries. Ancillary services such as risk control, loss prevention, and regulatory compliance support further complement its product suite.
Founded in 1939 in Daytona Beach, Florida, by J.C. Brown, the company has grown through organic expansion and a disciplined acquisition strategy. Over the decades, Brown & Brown has systematically added regional brokerages, specialty MGA (managing general agent) businesses, and international operations. The company maintains offices throughout the United States and has an increasing presence in Canada, Europe, Latin America, and Asia Pacific, serving clients in both mature and emerging markets.
Leadership at Brown & Brown is anchored by chairman and chief executive officer J. Powell Brown, a member of the founding family who has overseen the firm’s public listing and sustained growth trajectory. The company’s governance framework blends local autonomy with centralized support functions, fostering entrepreneurship among its subsidiary leaders while ensuring consistency in service standards and corporate stewardship.
