January 15, 2014
The Wright Insurance Group, LLC, principally owned by Aquiline Capital Partners, is expected to provide Brown & Brown with a substantial presence in the national flood insurance program (NFIP).
On January 15, it was announced that Brown & Brown, Inc. has entered into a merger agreement to acquire Willkie client The Wright Insurance Group, LLC for $602.5 million. Wright’s principal owner is Aquiline Capital Partners. The deal is expected to bring to Brown & Brown a substantial presence in the national flood insurance program (NFIP) and a premier service provider for government-sponsored insurance programs and proprietary national and regional programs.
Based in Uniondale, NY, The Wright Insurance Group is a specialty insurance holding company in operation for over 30 years, previously as Wright Risk Management, WRM and WRM America. The company is devoted to finding solutions for businesses, municipalities, education systems and individuals. Florida-based Brown & Brown, through its subsidiaries, offers a broad range of insurance and reinsurance products and related services.
The multidisciplinary Willkie deal team was led by partners Gregory Astrachan, Sean Ewen and Jeffrey Poss and included partners Christopher Peters, Leah Campbell and Jordan Messinger; special counsel Jonathan Konoff and associates Christian Ercole, Kristen DiCarmine, Dunia Rkein and Robert Larimore.
