Mr. Brown stated, "While we continue to expect that all of our leaders will continue to play important roles in acquisitions, Tom's promotion to this position enables us to be even more agile and better equipped to identify opportunities for expansion in every area of the country. Tom has been integrally involved with acquisitions for years. In fact, of the 337 acquisition transactions consummated by Brown & Brown affiliates since 1993, he has been personally involved with nearly 25% of them."
Jim W. Henderson, Vice Chairman and Chief Operating Officer, commented, "This action is in line with our stated goal of continuing to maintain the best possible management structure as we grow our organization. Tom has consistently been a leader with respect to acquisitions, and this will afford him the perspective that is essential to the oversight of our activities in this area."
Mr. Riley has been with Brown & Brown since 1990, when he joined the Company as Chief Financial Officer. He has been promoted through several positions over the years and was elected as Regional Executive Vice President in 2001. He was elected Regional President in 2005. As Regional President and Chief Acquisitions Officer, Mr. Riley will continue to be responsible for his current regional operations but will enhance his responsibilities through an expanded role in growing the Company's overall operations. Mr. Riley is a Certified Public Accountant (CPA) and has earned the Chartered Property Casualty Underwriter (CPCU), Certified Management Accountant (CMA), and Certified Insurance Counselor (CIC) designations. He is a member of various regional and national insurance carriers' advisory councils as well as the American Institute of Certified Public Accountants and the Florida Institute of Certified Public Accountants.
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 United States' sixth 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. 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. 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.
Cory T. Walker Chief Financial Officer (386) 239-7250
SOURCE: Brown & Brown, Inc.