B&B Protector Plans,, Inc. (“Protector Plans”) a wholly owned subsidiary of Brown & Brown, Inc., and part of Brown & Brown’s National Programs segment, will enhance insurance distribution and in-house agency capabilities with the acquisition of substantially all of the assets of Harold Diers & Company and Diers Insurance Corporation (collectively, “Diers”).
With roots dating back to 1941, Diers specializes in insurance for a variety of professionals, including dentists, lawyers, CPAs, podiatrists and optometrists. For over fifty years, the Diers Agency has been the exclusive representative for Protector Plans’ Professional Protector Plan® for Dentists’ (“PPP”) program in Nebraska and North Dakota.
Jeffrey S. Grange, president of Protector Plans’ Tampa Programs division stated, “The addition of the Diers’ team supports Protector Plans’ vision to be the leading preeminent full service delegated underwriting platform for specialty lines in the MGA/MGU channel. We provideproprietary insurance products and solutionstailored to the risk management needs of ourcustomers as a talent-led organization committed to specialization. For over eight decades, the Diers team has demonstrated the same commitment to its customers as specialists in solving the insurance needs of professionals. We are pleased by the capabilities of our combined teams and how this integration will enhance our sales and service delivery to dental, healthcare, legal, accountancy and other professionals.”
Marilyn Diers stated, “Our team looks forward to joining Protector Plans. Through our long-standing relationship with the PPP program, we have come to appreciate a shared culture that puts the customer first.”
Working with the Protector Plans brands provides customers access to custom insurance solutions for commercial and retail products, extensive underwriting knowledge and fast quote turnaround. We work to simplify the insurance experience, build trust and reduce uncertainty. Protector Plans’ website will be updated regularly with news, blogs, business activity, new product offerings and events. Visitors are encouraged to explore the website and sign up for direct emails from Protector Plans at bbprotectorplans.com.
About Protector Plans
B&B Protector Plans, Inc. (“Protector Plans”) is a national administrator of property and casualty insurance solutions whose reputation for innovation and customer service is based on a 40+ year history of meeting the complex insurance needs of professionals. Protector Plans’ fundamental distinction is grounded in insurance product innovation. Protector Plans is a wholly owned subsidiary of Brown & Brown, Inc.
About Brown & Brown, Inc.
Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm, delivering risk management solutions to individuals and businesses since 1939. With over 12,000 teammates in more than 300 locations across the U.S. and select global markets, we are committed to providing innovative strategies to help protect what our customers value most. For more information or to find an office near you, please visit bbinsurance.com.
This press release may contain certain statements relating to future results which are forward-looking statements, including those associated with this acquisition. These statements are not historical facts but instead represent only Brown & Brown’s current belief regarding future events, many of which, by their nature, are inherently uncertain and outside of Brown & Brown’s control. It is possible that Brown & Brown’s actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. Further information concerning Brown & Brown and its business, including factors that potentially could materially affect Brown & Brown’s financial results and condition, as well as its other achievements, is contained in Brown & Brown’s filings with the Securities and Exchange Commission. Such factors include those factors relevant to Brown & Brown’s consummation and integration of the announced acquisition, including any matters analyzed in the due diligence process, and material adverse changes in the business and financial condition of the seller, the buyer, or both, and their respective customers. All forward-looking statements made herein are made only as of the date of this release, and Brown & Brown does not undertake any obligation to publicly update or correct any forward-looking statements to reflect events or circumstances that subsequently occur or of which Brown & Brown hereafter becomes aware.