In a deal poised to redefine the contours of the insurance industry, Brown & Brown Inc. will acquire Accession Risk Management Group Inc. for $9.825 billion, catapulting the Florida-based titan to even greater heights. The acquisition was unveiled Tuesday in a joint statement, outlining a cash and debt-free transaction that is expected to close in Q3 of 2025.
Legal titans are steering the ship: Skadden Arps Slate Meagher & Flom LLP is advising Brown & Brown, while Debevoise & Plimpton LLP represents both Accession and its private equity backer, Kelso & Co.
Powerhouses Combine for a High-Stakes Play
Brown & Brown will acquire RSC Topco Inc., the holding entity of Boston-based Accession, in a transaction designed to fuel strategic growth.
“This union is more than numbers — it’s a catalyst,” said J. Powell Brown, president and CEO of Brown & Brown. “Together, we will amplify our scale, our reach, and our innovation. This is about creating momentum in a consolidating marketplace.”
Once the dust settles, Accession’s Risk Strategies unit will integrate into Brown & Brown’s retail segment, with Accession CEO John Mina stepping into a senior leadership role within the merged company.
