Brown & Brown Inc. has agreed to acquire the assets of Canada-based Special Risk Insurance Managers Ltd.

Special Risk, which is active in Canada's managing general agency industry, will operate as part of Brown & Brown's national programs division as a distinct operating division, along with Arrowhead General Insurance Agency Inc. and Bellingham Underwriters Inc.

Mark Woodall will continue to lead the Special Risk team and will be part of the leadership team of the division. Tom Willie will still lead the underwriting team.

The transaction is anticipated to close Jan. 1, 2020.