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Company History
- Braishfield Associates, Inc. was established in 1984 at 100 Wall Street, NY, as a Property & Casualty and Employee Benefits retail brokerage.
- Braishfield offices opened in Clifton, NJ, Boston, Mass. and Philadelphia, PA. in 1986. In a few short years, a very impressive client list was established comprised of Fortune 500, international and middle market businesses. Braishfield Associates, Inc. represented all major insurance markets and offered a viable alternative to the "alphabet houses" which dominated the market in the late 1980s.
- Tribunalized at Lloyd's of London 1991. Binding Authority for property coverages launched on retail/wholesale basis.
- Established Florida branch June 1992 in Melbourne, FL.
- Created underground storage tank program in 1993, "PLUS" (Pollution Liability U.S.), underwriting pollution coverage on behalf of Zurich American.
- Created Condominium "WRAP" program in 1994 with Continental (primary), Chubb Umbrella, HSB equipment breakdown. Program well received by Florida agent/broker community.
- Created SSIP (Service Station Insurance Program) in 1996. Awarded endorsement of New Jersey Gasoline Retailers Association (NJGRA), and later, endorsement of similar organizations in Pennsylvania, Florida and New York.
- Created 13 state Homeowner Program in 1996 for major direct writer with General Star, Lloyd's, and Caliber One. Initial commitment for 30,000 policies.
- Divested retail business in 1997 to focus exclusively on program/MGA products.
- Sold PLUS to Zurich American August 1997.
- Relocated Florida operations to larger Orlando facilities 1998.
- Launched Homeowners Program on behalf of a second major direct writer network 1999.
- Created Mobile Home Program, tenants and condo unit owners programs third quarter 1999.
- Created "Hurricane Deductible Buydown" Program with ACE USA 2000.
- Organization ownership changes May 2000, with the purchase of all remaining outstanding stock from Estate of Braishfield's Founder, Louis J. Kennedy.
- Launched Workers Comp Programs with two national insurers 2001.
- Introduced two significant commercial property/casualty programs for independent agents and direct writers 2001.
- Replaced 20,000 new homeowner's policies from direct writer network, 2001.
- Launched new commercial property program with ACE USA, 2001.
- Created Apartment "WRAP" program in 2003 with Columbia (primary), Chubb Umbrella, Loss Of Rents. Program well received by Florida agent/broker community.
- Acquired by Brown & Brown on January 1, 2005 through an asset purchase agreement including the name Braishfield Associates, Inc.
