Tampa insurance firm sells wholesale business


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  • | 5:00 a.m. March 2, 2024
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  • Tampa Bay-Lakeland
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BRP Group, a Tampa-based independent insurance firm, says it will sell its wholesale brokerage platform, Connected Risk Solutions, for $59 million to Amwins, an Orlando-based specialty insurance provider.

BRP Group CEO Trevor Baldwin told investors on Wednesday's quarterly earnings call that the sale was made "as a part of our efforts to streamline operations, increase margin and focus on our core businesses," and to "simplify and optimize our operating model and business operations."

Trevor Baldwin, CEO of BRP.
Courtesy image

 

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