Brown & Brown subsidiary acquires The Colonial Group

Brown & Brown has revealed that one of its subsidiaries – Hull & Company – has acquired all the assets of The Colonial Group and its affiliate, Colonial Premium Finance Company. Founded in 1961, The Colonial Group is a managing general agency for independent retail insurance agents handling P&C insurance for businesses and individuals, mainly in the Southeast. It specializes in housing, recreational, and specialty insurance, as well as certain nationwide niche insurance programs. The firm also offers insurance premium financing through Colonial Premium Finance Company. Following the acquisition, The Colonial Group team will continue operating from Greensboro, NC as a standalone office within Brown & Brown’s wholesale brokerage segment, under the leadership of Jason Haupt.