Posted: 10.01.2008
“I am delighted to join an agency with the resources of ALCOS. Their commitment to serving clients, as well as their ‘family’ approach to their staff, makes the merger of Cardinal Agency and ALCOS an ideal fit,” said Bob Hambright, President Cardinal Agency.
FOR IMMEDIATE RELEASE October 1, 2008
CONTACT: Gene LoVasco, President
586.446.3501
Sterling Heights, Mich. — Sterling Heights-based ALCOS, a subsidiary of Fla.-based Brown & Brown, Inc. (NYSE: BRO) has acquired the Cardinal Agency, Inc. of Shelby Township.
Cardinal, who has served the insurance needs of Macomb County businesses for more than 35 years will move locations to 35735 Mound Road in Sterling Heights and continue operations under the name and leadership of ALCOS / Brown & Brown. Cardinal with annualized revenue of over $850,000 specializes in Property/Casualty Insurance for the Residential Construction Industry, Residential and Commercial Condominium Associations as well as Homeowners Associations.
“I am delighted to join an agency with the resources of ALCOS. Their commitment to serving clients, as well as their ‘family’ approach to their staff, makes the merger of Cardinal Agency and ALCOS an ideal fit,” said Bob Hambright, President Cardinal Agency.
Eugene LoVasco, President ALCOS / Brown & Brown said, “Bob and his talented staff are the type of professionals we like on our team. They have a great reputation and bring qualified experience to the table. We are pleased to welcome Bob and his team to our organization.”
ALCOS is a wholly owned subsidiary of Brown & Brown, Inc. (NYSE: BRO), the nation’s sixth largest insurance intermediary as ranked by Business Insurance magazine and the ninth largest in the World. ALCOS / Brown & Brown is Michigan’s sixth largest business insurance agency according to Crain’s Detroit Business. An award-winning company, ALCOS / Brown & Brown provides commercial risk management, home, automobile and yacht insurance, employee benefits, retirement 401(k) plan design, and administration and serves the insurance and executive benefit needs of the affluent and corporate executives. The Company's Web address is www.alcos.com and parent company www.bbinsurance.com.
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