Herbert W. Kaufman establishes Burns & Wilcox and begins serving independent retail insurance agents and brokers from one office in Southfield, MI.
An auspicious idea leads to a narrowing of strategic purpose.
Burns & Wilcox fully commits to operate only in the wholesale space. Mr. Kaufman recognizes that the retail and wholesale businesses were competing against each other. He realigns the organization to become 100% dedicated to wholesale insurance.
A pivotal acquisition leads to a primary position of strength.
Burns & Wilcox acquires Service General. The acquisition expands Burns & Wilcox into personal lines, making it the largest Personal Insurance Wholesaler in North America, a position the company holds to this day.
Burns & Wilcox goes public.
On September 6, coinciding with Mr. Kaufman’s birthday, the company begins trading on the American Stock Exchange.
The company expands to the upper Midwest and Plains States.
Burns & Wilcox acquired Casualty Underwriters. The acquisition expanded commercial and specialty insurance reach in Minnesota, Iowa, Wisconsin, North Dakota and South Dakota.
Burns & Wilcox heads South.
Burns & Wilcox acquired Floyd West & Company. Through offices in Dallas & New Orleans, the acquisition greatly expanded operations in the South.
Burns & Wilcox acquired Rathbone, King & Seeley. The acquisition of the San Francisco-based company, founded in 1849, provided a leading West-Coast market for a wide variety of commercial coverages & many hard-to-place risks.
A significant financial milestone is reached.
Burns & Wilcox surpasses $250M in annual revenue.
The solidification of Burns & Wilcox as a family run business.
Second-generation leader, Alan Jay Kaufman, acquires 100% of the company by taking it private.
A doubling in revenue.
Burns & Wilcox surpasses $500M in annual revenue.
A new, key market is opened.
The company acquires Kimbrell Insurance Group and rebrands it as the Burns & Wilcox Myrtle Beach office.
B&W goes international.
Burns & Wilcox acquires Chesterfield Canada. The addition of the Canadian-based wholesale broker focused on specialty commercial risks marks Burns & Wilcox expansion internationally. The firm is rebranded as Burns & Wilcox Canada.
A wholesale commitment to wholesale.
Burns & Wilcox Brokerage is established, an independent business unit solely dedicated to wholesale insurance brokerage.
Impressive revenue growth continues.
Burns & Wilcox surpasses $750M in annual revenue.
Burns & Wilcox begins PGA Tour player sponsorship.
Burns & Wilcox partners with 6-time PGA Tour winner Jimmy Walker.
Another revenue milestone.
Burns & Wilcox surpasses $1B in annual revenue.
Burns & Wilcox takes to the ice.
Burns & Wilcox begins sponsorship of 11-time Champion Detroit Red Wings with the Burns & Wilcox logo emblazoned on center ice.
Burns & Wilcox furthers its reach inside the PGA Tour ropes.
Burns & Wilcox adds another PGA Tour Brand Ambassador with 7-time PGA Tour winner Webb Simpson.
A half century of innovation and growth.
Burns & Wilcox celebrates its golden anniversary.
Burns & Wilcox crosses the pond.
Burns & Wilcox acquires Barbican Protect and rebrands as Burns & Wilcox United Kingdom with offices in London, Manchester and Birmingham, England.
Burns & Wilcox expands its team.
Burns & Wilcox adds two-time PGA Tour winner Max Homa to Team Burns & Wilcox
Third-generation leader named President of Burns & Wilcox.
Danny Kaufman is promoted to President of Burns & Wilcox