DAYTONA BEACH, FL and TAMPA, FL--(MARKET WIRE)--Feb 8, 2006 -- Brown & Brown, Inc. (NYSE:BRO - News) has announced that Thomas K. "Tommy" Huval, CIC, Executive Vice President of Brown & Brown of Louisiana, Inc., and Profit Center Manager for the Company's Baton Rouge, Louisiana, office, will now also be responsible for much broader involvement in Brown & Brown's mergers and acquisitions (M&A) activity.
Mr. Huval joined Brown & Brown in January 2001 when the Huval Companies, of which he was President and CEO, were acquired by Brown & Brown. Since then, the Huval Companies' operations have become a strong, profitable force within the Brown & Brown organization, and Mr. Huval has been involved in the identification, negotiation and completion of numerous Brown & Brown acquisitions. Mr. Huval, with 30 years of industry experience, is on the Board of Directors of the Independent Insurance Agents of Louisiana, the LUBA Advisory Board, Safeco Agency Council, the Rough Notes Magazine Advisory Board, Advisory Board for Louisiana Workers Compensation Corporation, Advisory Board for America 1st Insurance Company and is Past Chairman and present member of The Greenwich Group, as well as being a member of Brown & Brown's Leadership Council. He has earned the Certified Insurance Counselor (CIC) designation.
Commenting on his expanded role, Mr. Huval said, "I am very pleased to have the opportunity to become more actively involved in telling the Brown & Brown story. I know there are many agency owners out there that have the kind of drive and entrepreneurial spirit that is the hallmark of our organization."
Jim Henderson, President and Chief Operating Officer of Brown & Brown, Inc., stated, "We are very pleased that Tommy has agreed to take on this expanded role in our mergers and acquisitions activity. He is a valued member not only of Brown & Brown, but of our industry. He epitomizes the type of agency owners we are seeking to join us as we move to the next level."
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, and managed health care programs. Providing service to business, public entity, individual, trade and professional association clients nationwide, the Company is ranked by Business Insurance magazine as the United States' seventh largest independent insurance intermediary. 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, including those relating to continuing our revenue, earnings and operating growth, as well as identifying and consummating attractive acquisition opportunities. These statements are not historical facts, but instead represent only the Company's current belief 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, financial condition and achievements may differ, possibly materially, from the anticipated results, financial condition and achievements contemplated by these forward-looking statements. Further information concerning the Company and its business, including factors that potentially could materially affect the Company's financial results and condition, as well as its other achievements, are contained in the Company's filings with the Securities and Exchange Commission. Some factors include: general economic conditions around the country; downward commercial property and casualty premium pressures; the competitive environment; the integration of the Company's operations with those of businesses or assets the Company has acquired or may acquire in the future and the failure to realize the expected benefits of such integration; and those factors relevant to Brown & Brown's consummation and integration of announced acquisitions, including any matters analyzed in the due diligence process and material adverse changes in the customers of the companies whose operations are acquired. All forward-looking statements made herein are made only as of the date of this 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 hereafter becomes aware.
Contact:
Jim W. Henderson
President & COO
(386) 239-5789
Source: Brown & Brown, Inc.