DAYTONA BEACH, Fla., May 16, 2022 (GLOBE NEWSWIRE) — J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Donald (Don) R. Brandt and Randall (Randy) J. Brandt, the principals of Claim Technologies Incorporated (CTI), today announced that Brown & Brown of Massachusetts, LLC, a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of CTI.
Founded in 1990 by Don Brandt, CTI uses its proprietary software to offer a wide variety of benefit plan audits to governmental and private employers throughout the United States. Following the acquisition, the CTI team will continue operating from their existing Des Moines, Iowa office under the leadership of Randy Brandt. The CTI business will operate within Brown & Brown’s Retail segment and report to Mark Abate, who oversees certain Brown & Brown employee benefits and pharmacy consulting businesses.
P. Barrett Brown, the president of Brown & Brown’s Retail segment, stated, “The addition of CTI to the Brown & Brown team strategically enhances our comprehensive portfolio of services and capabilities to assess the performance of administrators of employee benefit plans. We are excited to welcome Don, Randy and the balance of the CTI team to Brown & Brown.”
Randy Brandt stated, “We look forward to this strategic alliance with Brown & Brown and continuing to offer quality audit services for our customers.”
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 more than 12,000 teammates in 350+ 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, please visit bbinsurance.com.
