The Connelly Insurance Group
Annualized growth rate: 20% over 16 years
The Connelly Insurance Group was formed by John Connelly in 1985 in the Tampa Bay Area. The growth strategy of the agency was to purchase smaller independent brokers in order to expand the offerings to its customers. Additionally, the firm focused on the recruitment and training of new business production staff to help facilitate organic growth. For the next 16 years the firm grew at an annualized rate that exceeded 20%. In 2001, publicly-traded Brown & Brown, the 6th largest insurance company in the U.S., purchased Connelly Insurance Group. The former Connelly Insurance Group is the foundation of the existing Brown & Brown footprint in the Tampa Bay area.