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Brown & Brown acquires MacKay Corporate Insurance Brokers

Brown & Brown acquires MacKay Corporate Insurance Brokers

Table of Contents

    Table of contents:

    • Brown & Brown (Europe) Ltd has acquired MacKay Corporate Insurance Brokers, marking its first retail acquisition in Scotland, with offices in Glasgow, Ayr and Aberdeen.
    • MacKay Corporate becomes Brown & Brown's Retail Hub business in Scotland, reporting to Neil Thornton; all directors and staff remain in place across existing locations.
    • Founded in 1989, MacKay Corporate brings Chartered Status and expertise across construction, property, professional services, charities, early years and oil and gas, plus personal lines coverage.

    London, UK: Brown & Brown (Europe) Ltd, part of Brown & Brown, Inc. (“Brown & Brown”), have acquired Alan R MacKay & Company Limited, trading as MacKay Corporate Insurance Brokers (“MacKay Corporate”).

    The transaction marks Brown & Brown’s first retail acquisition in Scotland, with MacKay Corporate operating from offices in Glasgow, Ayr and Aberdeen. The business will become Brown & Brown’s Retail Hub business in Scotland, reporting to Neil Thornton, Divisional Managing Director - North.

    MacKay Corporate was founded in 1989 by Alan MacKay and his son, David, who joined the family firm in 1996 and succeeded his father in 2011, leading the business with fellow directors Iain Henry and Karen Fitzgerald. All directors and staff will continue with the business in existing locations.

    The broker, which received Chartered Status in 2010, provides a comprehensive range of commercial insurance products across sectors, including construction, property, professional services, charities, early years, and oil and gas. It also offers personal insurance, including household, private car and high-net-worth cover.

    Carolyn Callan, Chief Executive Officer, Brown & Brown Retail, said: “We’re delighted to welcome MacKay Corporate into the Brown & Brown team and look forward to working closely with them as the team embarks on the next stage of their journey.

    “Our first acquisition in Scotland is an exciting milestone for us and creates an opportunity to expand our presence significantly across the country in the future. I am looking forward to working in partnership with David, Iain, Karen and the team on their exciting growth strategy.”

    David MacKay, Managing Director, MacKay Corporate, said: “Joining Brown & Brown is an exciting new chapter for our business, our colleagues and our customers, and Iain, Karen and I look forward to continuing to grow MacKay Corporate whilst retaining the local connectivity, knowledge and specialisation that our customers value.”

    The transaction has received regulatory approval, and the consideration is undisclosed.

    ENDS

    About Brown & Brown

    Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm delivering comprehensive and customized insurance solutions and specialization since 1939. With a global presence spanning 700+ locations and a team of approximately 23,000 professionals, we are dedicated to delivering scalable, innovative strategies for our customers at every step of their growth journey. Learn more at BBrown.com.

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