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Brown & Brown Agree to Buy Lloyd & # 39 ;s of London Wholesale Brokers



Brown & Brown Inc. said on Monday that they have entered into an agreement to acquire operating companies for Lloyd & # 39 ;s of London broker BDB Ltd.

The terms of the deal, which is expected to be closed during the second quarter, were announced not and is subject to closing conditions.

BDB was founded in 1993 and is a wholesale broker with an MGA platform. It has operations in London, Belgium and Italy.

Its companies include BDB (UK) Ltd., BDB Ltd., [ BDB Europe SRL, Mithras Underwriting Ltd., Mithras Underwriting Europe SRL and Mithras Underwriting Italia SRL.

BDB restructured its operations after Brexit to enable it to continue to have access to the European single market.

BDB will continue to operate from its current locations under the leadership of Silvestro de Besi, Pierluigi Pezone, Peter Goff, Matteo Giuliani, David Colville, Martin Lunn, Steve Toye and Matthew Kendall, Daytona Beach, Florida-based Brown & Brown said in a statement.

BDB will report to Steve Boyd, President of Bridge Specialty Group, Brown & Brown's wholesale business.


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