J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc., along with David Dybdahl and Cynthia Statz, owners of American Risk Management Resources Network, LLC (ARMR), recently announced that Brown & Brown, a national insurance intermediary, Inc.’s subsidiary, Bridge Specialty Group, has acquired the assets of ARMR.
ARMR is a specialty wholesale environmental insurance brokerage that partners with producers nationwide. With its team of experts, ARMR offers in-depth knowledge of environmental risks and tailored insurance solutions.
The firm will continue to operate from its Madison, Wisconsin location under the leadership of President Kari Kohal.
Dybdahl will remain with ARMR, focusing on creating new products and sharing his expertise in environmental risks and insurance through educational programmes.
Both Kohal and Dybdahl will report to Walter Grote, Chief Underwriting Officer and Central Regional President of Bridge Specialty Group.
Steve Boyd, President of Bridge Specialty Group, said: “We are thrilled that the ARMR team is joining Bridge Specialty Group. For over two decades, ARMR has proven itself a leader in the environmental casualty sector. The addition of ARMR represents continued execution of our strategy to deliver specialty niche capabilities for our customers across Bridge Specialty Group.”
Dybdahl added: “We are very excited to become part of Bridge Specialty Group. ARMR and Bridge Specialty Group are aligned in our focus on customer service and our vision for the future. We believe Bridge is uniquely positioned to allow ARMR to bolster and expand upon the established value proposition we offer our retail insurance brokerage partners.”
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