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BRP subsidiary to buy assets of Chicago-based insurance firm

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BRP subsidiary to buy assets of Chicago-based insurance firm

BRP Group Inc. subsidiary BRP Insurance Intermediary Holdings LLC has agreed to acquire substantially all assets of Chicago-based Highland Risk Services LLC.

The target is an independent insurance firm with a focus on providing insurance information and programs to those who serve the healthcare industry, the professional liability needs of real estate firms, and cyber insurance needs throughout a range of industries.

BRP Group is branding its specialty wholesale platform within its specialty operating group as Connected Risk Solutions in connection with the deal. Connected Risk Solutions will include AB Risk and KB Risk, which are BRP specialty wholesale partnerships.

Highland Risk President Brian Daly will become president of Connected Risk Solutions post-deal.

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