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Brown & Brown buys Virginia Broker



Brown & Brown Insurance Agency of Virginia Inc., a subsidiary of Brown & Brown Inc., has acquired Lambert, Riddle, Schimmel & Co.

The business conditions were not disclosed.

Based in Fairfax, Virginia, LRS & C provides personal and business insurance products and services to customers in the Midi Atlantic and has annual revenues of about $ 1.6 million, Brown & Brown said in a statement on Wednesday.

After the acquisition, the LRS & C team, including shareholders Jim Riddle and Tom Schimmel, will join Brown & Brown's existing Manassas, Virginia, office headed by Bill Strachan, CEO of Brown & Brown Insurance Agency in Virginia, says statement.

"After 1

02 years of business, we found the right company to cope with is not a simple decision," says Mr. Riddle and Mr Schimmel in the statement. "We are very pleased to have found a company like Brown & Brown that continues with our ultimate commitment to our customers. "

Brown & Brown is the world's eighth largest insurance broker according to Insurance Mediation ] latest ranking.


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