Solon-based Loan Protector Insurance Services has completed its deal to be acquired by Brown & Brown Inc.
The Loan Protector operations will join with Daytona Beach, Florida-based Brown & Brown’s subsidiary, Proctor Financial, to operate as Proctor Loan Protector. Brown & Brown is an insurance brokerage firm, providing risk management solutions to individuals and businesses. Loan Protector works in the lender-placed insurance space.
A team of Tucker Ellis attorneys advised Loan Protector and its owners, Dennis and Dawn Swit, in the deal, which was announced on March 10.