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IMAP is pleased to announce that Brown & Brown, an insurance brokerage firm based in the United States that specializes in risk management solutions, has acquired the assets of the Canadian managing general agent Special Risk Insurance Managers. Terms of the transaction were not disclosed.

Special Risk is one of Canada’s largest, independent specialty P&C managing general agents, providing a unique and innovative set of insurance products to 5,000+ brokers. Based in Langley, British Columbia with offices across Canada, Special Risk employs over 90 staff, including one of the most talented and experienced underwriting teams in the country.

Brown & Brown, Inc. (NYSE: BRO) is the sixth largest independent insurance brokerage in the United States, operating across four business segments: Retail, National Programs, Wholesale and Services.

The IMAP Canada team in Vancouver, led by Andrew Kemper, acted as exclusive financial advisor to Special Risk on this transaction.