Accession Considers Next Leap as Brown & Brown Closes In
Deal News | Jun 10, 2025 | Re-Insurance News
Brown & Brown has announced its intention to acquire RSC Topco, Inc., the parent company of Accession Risk Management Group, for $9.825 billion. Accession owns Risk Strategies, a specialized brokerage firm, and One80 Intermediaries, an insurance wholesaler and program manager. The deal, expected to close in Q3 of 2025, aims to combine the strengths of the firms involved, enhancing their market presence and extending Brown & Brown's reach. Post-acquisition, Accession’s Risk Strategies will join Brown & Brown’s Retail segment, while One80 will be integrated into a new Specialty Distribution segment. The acquisition highlights both companies’ commitment to growth, innovation, and maintaining strong customer relationships.
Sectors
- Insurance Brokerage
- Financial Services
Geography
- United States – Both Brown & Brown and Accession are based in the United States, making it the primary geographic focus of the acquisition.
Industry
- Insurance Brokerage – The acquisition involves Brown & Brown, a major player in the insurance brokerage industry, acquiring Accession, which owns specialty insurance brokerage and wholesaling operations.
- Financial Services – Both companies operate within the broader financial services sector, offering insurance and risk management solutions.
Financials
- 9.825 billion – The gross purchase price for the acquisition of RSC Topco, Inc.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Brown & Brown | Buyer | Company | An insurance brokerage firm acquiring RSC Topco, Inc. |
| RSC Topco, Inc. (Accession Risk Management Group) | Target | Company | The holding company for Accession, Risk Strategies, and One80 Intermediaries. |
| Risk Strategies | Other Company - Part of the Target | Company | A specialty brokerage firm owned by Accession. |
| One80 Intermediaries | Other Company - Part of the Target | Company | An insurance wholesaler and program manager owned by Accession. |
| J. Powell Brown | CEO of Buyer | Person | President and CEO of Brown & Brown, commenting on the acquisition. |
| John Mina | CEO of Target | Person | Chief executive officer of Accession, commenting on the acquisition. |
| Mike Christian | Leadership at Target | Person | Involved in building the brokerage business at Accession. |
| Matthew F. Power | Leadership at Target | Person | Involved in building the wholesaler and program manager business at Accession. |
| Steve Boyd | Segment Leadership in Buyer | Person | To lead the new Specialty Distribution segment at Brown & Brown. |
| Chris Walker | Segment Leadership in Buyer | Person | To lead the new Specialty Distribution segment at Brown & Brown. |