For Brown & Brown, Acquiring CoverHound Accelerates Tech Modernization Efforts Property/casualty insurance companies far and wide are considering whether to develop technology platforms in-house or modernize some other way. Brown & Brown chose an acquisition to get there. The broker announced in November that it bought digital property/casualty insurance marketplace CoverHound, and CyberPolicy, a small business subsidiary. CoverHound’s technology and culture were two big reasons for the move, according to Steve Boyd, senior vice president of Technology, Innovation and Digital Strategy at Brown & Brown. “Cultural fit is the most important criteria for us when evaluating an acquisition and we felt really good about the CoverHound team and are excited about the contributions they will continue to make going forward,” Boyd told Carrier Management. “The second is the technology itself, which will help us accelerate delivery of our digital agenda, thus allowing us to get new products and solutions into the marketplace sooner.”