Influx of capacity helped drive new business growth: Brown & Brown CEO
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Influx of capacity helped drive new business growth: Brown & Brown CEO

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Following a quarter in which his company’s retail unit grew organically by the most in 19 years, Brown & Brown CEO J Powell Brown said new capacity played a key role in moving the top line higher.

Speaking to analysts on Tuesday to discuss the quarter’s results, the executive said new business in the company’s retail, wholesale, and programs units was a predominant driver for revenue growth in the quarter, and the availability of new capacity...

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