Brown and Brown purchases broker to expand regional presence

Brown and Brown Europe has acquired Crosby Insurance Brokers to expand its presence in the north east.

Based in Gateshead, Crosby Insurance offers a mix of personal, business and commercial property propositions to clients.

The broker, which was founded in 1991, has been acquired for an undisclosed sum.

It will remain in its existing location and will continue to be led by founder and managing director Stan Crosby.

Crosby said: “This partnership marks an exciting new chapter for us.

“Brown and Brown has a strong culture of care that aligns perfectly with our own, allowing us to retain the personal, tailored approach that Crosby has always delivered.”

’Strong reputation’

Crosby will report to Neil Thornton, the northern managing director at Brown and Brown Retail.

Thornton said: “Crosby Insurance has built a strong reputation for service and quality over many years, with strong ties to the local business community.

“I look forward to supporting them as they embark on the next stage of their journey, as part of the Brown and Brown team.”