Brown & Brown (Europe) Limited (“Brown & Brown”) has completed the acquisition of 100% of the share capital of R McGee Insurance Brokers Limited (“R McGee”), a personal and commercial lines broker based in Maesteg, Glamorgan.
Family-run R McGee has provided individuals and businesses in South Wales with insurance services since 1974. It is headed by MD Andrew McGee, with Julie (Andrew’s wife) and son Simon also serving as directors.
The business will report to Matt Hartigan, Brown & Brown Retail Director and CEO of Higos, Brown & Brown’s broker for the South West.
Commenting on the acquisition, Hartigan said: “At Brown & Brown, we are passionate about family businesses, and McGee is no exception.”
“Andrew, Julie and Simon have built a successful community broker predicated on high-quality service and a deep understanding of the local area. We are delighted that they have committed their future to Brown & Brown and look forward to providing them with the additional support they require to take R McGee to the next level.”
Andrew McGee added: “We are pleased to be placing our future and that of our customers into the hands of Brown & Brown.”
“The family ethos that remains within the business was a key factor in our decision to join Brown & Brown, and Matt’s exciting vision for our future and that of our customers was a large part of that.”
The McGee office in Maesteg will remain, and the entire team will move across to become Brown & Brown teammates. The transaction has received regulatory approval, with the consideration undisclosed.
Brown & Brown (Europe) Limited operates retail broking, specialist MGA, network and Lloyd’s businesses, enabling the business to serve the growing insurance and risk management needs of its customers. Brown & Brown (Europe) is an operating unit of Brown & Brown, Inc.’s Retail segment. Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm, providing risk management solutions since 1939.
Today (Tuesday 12 December, 2023), Brown & Brown (Europe) Limited (“Brown & Brown”) announced the acquisition of 100% of the share capital of R McGee Insurance Brokers Limited (“R McGee”), a family-run personal and commercial lines broker based in Maesteg, Glamorgan.
R McGee has served individuals and businesses in South Wales since 1974 and is headed by MD Andrew McGee, supported by fellow directors Julie (Andrew’s wife) and son Simon.
The business will now report to Matt Hartigan, Brown & Brown Retail Director and CEO of Higos, Brown & Brown’s broker for the South West. Speaking about the acquisition, Hartigan said: “At Brown & Brown, we love family businesses, and McGee is no exception”.
Andrew McGee added: “We are looking forward to putting our future and those of our customers into the hands of Brown & Brown. The family ethos that runs through the business even now was apparent in our discussions with Matt, and that was an important factor in our decision to join Brown & Brown. Matt painted a compelling picture of the opportunities ahead for ourselves and our customers and clients, and we’re excited to be a part of it”.
The McGee office in Maesteg will remain in place, and the entire team will move across to become Brown & Brown teammates. The transaction has received regulatory approval, with the consideration undisclosed.
Brown & Brown (Europe) Limited operates retail broking, specialist MGA, network and Lloyd’s businesses, all of which are part of Brown & Brown, Inc.’s Retail segment. Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm, delivering risk management solutions to individuals and businesses since 1939.
