Bridge Specialty Group acquires Mississippi-based wholesale broker TPI

By Mia MacGregor

May 8 - (The Insurer) - Bridge Specialty Group, the wholesale broking division of Brown & Brown, has acquired the assets of Mississippi-based full-service wholesale insurance brokerage Tim Parkman, Inc (TPI).

Founded in 2002, TPI initially focused on personal lines but has since expanded into commercial lines, utilizing its proprietary technology platform to serve a network of over 5,000 retail agents.

Following the acquisition, TPI will continue its operations in Clinton, Mississippi, under the leadership of president Mike Leach, who will report to Jason Haupt, regional president of Bridge Specialty Group’s Mid-Atlantic and Delta region.

Tim Parkman will remain involved with the business, offering oversight and support.

“TPI’s specialized product suite and broad distribution footprint in Mississippi and the Gulf States are a great compliment to Bridge Specialty Group's offerings today,” said Steve Boyd, president of Bridge Specialty Group.