Brown & Brown buys Izzo Insurance Services

Insurance brokerage Brown & Brown, Inc. has today announced the acquisition of Izzo Insurance Services, Inc., an Illinois-based wholesale brokerage that specializes in workers’ compensation insurance. The deal was made by Hull & Company, LLC, a subsidiary of Brown & Brown. Izzo Insurance Company was founded by Karen J. Izzo in 1980. The firm has annual revenues of approximately $2 million. Following the acquisition, the company will continue to operate under the leadership of Karen Izzo from its existing location in Bloomingdale, IL. It will become part of Brown & Brown's wholesale brokerage division under the leadership of the unit’s president, Tony Strianese.