HOUSTON, March 22, 2011 /PRNewswire/ -- Bowen, Miclette & Britt Inc. (BMB), the 64th-largest insurance broker in the United States, announced it has expanded into the Florida market.
The Texas-based firm acquired Huckleberry Sibley & Harvey Insurance & Bonds Inc. (HSH), an insurance broker serving a client base in personal lines and commercial lines with offices in Maitland, Cocoa, West Palm Beach, Santa Rosa Beach and Sarasota. Included in the transaction is Merrimac Marine Insurance LLC, an affiliated broker serving the specialized marine industry on a national basis.
The expansion to the nation's fourth-most-populous state supplements BMB's strong marketplace presence in Texas and Louisiana.
"BMB continues its geographic expansion and revenue growth by entering the diverse and large Florida insurance marketplace," said Edward G. Britt, Jr. president and CEO of BMB.
"We have built a track record of strong organic growth since our formation in 1993," Britt said. "In line with our strategic plan, we also are growing through selective geographic expansion. Following BMB's successful development into Louisiana in 2006, this expansion into Florida will widen our capabilities and market presence, allowing us to bring our risk management, insurance coverage and benefits services to a broader client base."
About BMB: Bowen, Miclette & Britt (BMB), the 64th-largest insurance broker in the United States as ranked by Business Insurance magazine and generating $40 million in revenue, offers national and international insurance protection to its commercial and personal lines customers. Formed in 1993, BMB operates through offices in Texas, Louisiana and Florida, and has clients operating throughout the United States and internationally. It serves a broad range of commercial lines businesses, and offers specialties in marine, construction, manufacturing, oil and gas/energy, and medical malpractice insurance. BMB provides services in risk management, loss control, engineering, surety bonding, professional employer organizations, claims analysis, personal lines, group and employee benefits, retirement planning and estate planning.
CONTACT: Donna Wilson, BMB, +1-713-880-7171, firstname.lastname@example.org
SOURCE Bowen, Miclette & Britt Inc.