ALCOS/Brown & Brown Celebrates 50 Years of Community Service.
Sterling Heights, Mich. — Sterling Heights-based ALCOS, a subsidiary of Fla.-based Brown & Brown, Inc. (NYSE: BRO) is celebrating 50 years as a Metro Detroit business leader.
Founded in 1958 by well-known amateur golfer Glenn H. Johnson and NCAA champion and recognized Olympic swimmer William A. Prew, ALCOS has grown to serve more than 2,800 area businesses and 45,000 families. The company employs 90 and grosses $18 million in annual revenue. In 2006 ALCOS was acquired by Brown & Brown, Inc and continues operations in Sterling Heights and Ann Arbor under the name ALCOS / Brown & Brown.
ALCOS / Brown & Brown is recognized as a business and community leader with honors received for Human Resource and charitable giving practices, including:
- Recognized as a Metropolitan Detroit 101 Best & Brightest Company to Work For! for five consecutive years.
- Named a Crain’s’ Detroit Cool Place To Work.
- Awarded an Alfred P. Sloan honorable mention for workplace flexibility in 2008.
- Awarded American Cancer Society’s “Most Dollars Raised” trophy for three consecutive years
“These awards testify to the diligence and hard work of our people, over these last 50 years, in building ALCOS / Brown & Brown into a company of integrity,” said Eugene LoVasco, President, ALCOS / Brown & Brown.
“But we’re much more than an insurance agency,” added LoVasco. “We’re a trusted strategic partner to our clients, offering many other services and expertise to help that business become better.”
According to LoVasco, some of those other services include commercial risk management, health care consulting, benchmarking and trend analysis, client service models designed to reduce client’s administrative burdens, a new proprietary Certificate Management System and the licensing of a robust web enabled HR and OSHA resource center. ALCOS was also among the first to recognize and develop Wellness 123, a workplace health promotion guide to help Michigan employers develop an employee driven, low-to-no-cost Wellness Program.
ALCOS is a wholly-owned subsidiary of Brown & Brown, Inc. (NYSE: BRO), the nation’s sixth largest insurance intermediary as ranked by Business Insurance magazine and the ninth largest in the World. According to Crain’s Detroit Business, Brown & Brown is Michigan’s third largest business insurance agency. An award-winning company, ALCOS / Brown & Brown provides commercial risk management, home, automobile and yacht insurance, employee benefits, retirement 401(k) plan design, and administration and serves the insurance and executive benefit needs of the affluent and corporate executives. The Company's Web address is www.alcos.com and parent company www.bbinsurance.com.