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Brown & Brown unit acquires assets of Va. insurance agencies

Brown & Brown Insurance Agency of Virginia Inc. acquired substantially all the assets of WBR Insurance Agency LLC, Wilson Insurance Agency Inc., Bell Insurance Agency Corp. and Robertson Insurance Agency Co., collectively referred to as WBR Insurance.

Virginia Beach, Va.-based WBR Insurance recently became an independent insurance broker after operating for most of its history as part of Nationwide Mutual Insurance Co.'s exclusive distribution model. It offers property and casualty insurance products to businesses and individuals in Virginia and other states along the East Coast.

Alex Bell II, one of the principals of WBR Insurance Agency, said the company decided to find a larger independent partner after Nationwide opted to change its distribution model to an independent agency platform.