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Brown & Brown stock holds steady as insurance broker builds on acquisitive growth

Brown & Brown Inc. (BRO) is a large US insurance brokerage platform that has steadily grown through acquisitions and recurring commission income from a diversified customer base. The company acts as an intermediary, focusing on sales, advisory, and customer service rather than underwriting risk, resulting in an asset-light business model. Its strategy involves systematic acquisitions, client diversification, and leveraging technology, making it an appealing option for investors seeking exposure to the insurance sector without the full volatility of primary insurers.