Brown & Brown completed its previously announced acquisition of the assets and operations of Berkshire Insurance Group by Brown & Brown of Massachusetts.
Berkshire Insurance Group, a subsidiary of Berkshire Hills, is centered in the Northeast, where it focuses on personal and commercial property and casualty insurance solutions.
“Consistent with Berkshire’s Exciting Strategic Transformation (BEST) program, this transaction allows us to simplify our operating model, repurpose valuable resources and redeploy capital to support core businesses and strategic initiatives that will enhance long-term stakeholder value,” said Nitin Mhatre, Berkshire CEO.
