Brown & Brown has announced the appointment of Mike Neal (pictured above, left) and Mark Abate (pictured above, right) to its senior leadership team, signalling a continued focus on expanding expertise within the company’s retail sector.

Neil and Abate bring decades of experience to their new roles, which are expected to enhance Brown & Brown’s ability to deliver comprehensive risk management and insurance solutions.

Neil, who has over 30 years of experience in the insurance industry, is Executive Vice President, Retail at Brown & Brown and President, Agent Services at Brown & Brown.

His division specializes in automotive and recreational vehicle dealer training, finance and insurance products. Neil joined Brown & Brown in 2008 when the company acquired his insurance agency, which specialized in providing commercial insurance to dealers in the recreational vehicle, used car, motorsports and manufactured housing sectors.

With more than 35 years of employee benefits experience, Abate leads Brown & Brown’s Southborough, Massachusetts office and oversees many of the firm’s pharmacy solutions and audit operations.

Abati joined Brown & Brown in 2015 following the acquisition of Strategic Benefit Advisors, and has been instrumental in developing health and wellness strategies tailored to meet clients’ needs.

Paul Brown, CEO of Brown & Brown, noted that Neil and Abate have deep knowledge in their fields.

“They bring extensive experience in their various disciplines, and their contributions will support our ongoing mission to be the world’s leading provider of risk management and insurance solutions to our clients,” he added.

Their expertise will expand the company’s capabilities and allow it to develop innovative solutions aimed at enhancing the customer experience, added Barrett Brown, Executive Vice President and President of Retail at Brown & Brown.

“They will provide additional strategic guidance to support the continued growth of our retail business,” he said.

The announcement comes shortly after Brown & Brown reported higher net income in its second-quarter and first-half 2024 financial results. The interim earnings report for the second quarter of 2024 showed total revenue of $1.18 billion, up from $1.05 billion in the second quarter of 2023.

In the first half of 2024, total revenues amounted to $2.44 billion, compared to $2.16 billion during the same period in 2023.

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