DAYTONA BEACH, FL and TAMPA, FL, May 20, 2009 (MARKETWIRE via COMTEX) -- Brown & Brown, Inc. (NYSE: BRO) today announced the completion of
the previously announced acquisition by two Brown & Brown
subsidiaries of substantially all of the assets of Irving Weber
Associates, Inc., located in Ronkonkoma (Long Island), New York.
Brown & Brown, Inc. and its subsidiaries offer a broad range of
insurance and reinsurance products and services, as well as risk
management, third-party administration, managed health care, and
Medicare set-aside services and programs. Providing service to
business, public entity, individual, trade and professional
association clients nationwide, the Company is ranked by Business
Insurance magazine as the seventh largest independent insurance
intermediary in the United States. The Company's web address is
www.bbinsurance.com.
This press release may contain certain statements relating to future
results which are forward-looking statements. These statements are
not historical facts, but instead represent only the current belief of
Brown & Brown, Inc. and its subsidiaries (collectively the "Company")
regarding future events, many of which, by their nature, are
inherently uncertain and outside of the Company's control. It is
possible that the Company's actual results and financial condition
may differ, possibly materially, from the anticipated results and
financial condition indicated in these forward-looking statements.
Further information concerning the Company and its business,
including factors that potentially could materially affect the
Company's financial results, are contained in the Company's filings
with the Securities and Exchange Commission. Some factors include
those factors relevant to Brown & Brown's consummation and integration
of the announced acquisition, including any matters analyzed in the
due diligence process, material adverse changes in the customers of
the company whose operations are being acquired and material adverse
changes in the business and financial condition of either or both
companies and their respective customers. All forward-looking
statements included in this press release are made only as of the
date of this press release, and the Company does not undertake any
obligation to publicly update or correct any forward-looking
statements to reflect events or circumstances that subsequently occur
or of which the Company thereafter becomes aware.
Contact:
Cory T. Walker
Chief Financial Officer
(386) 239-7250
SOURCE: Brown & Brown, Inc.
