LAKE MARY, Fla., June 7, 2005 /PRNewswire-FirstCall via COMTEX/ -- Brown & Brown Public Entity Services, a division of Program Management Services, Inc., a subsidiary of Brown & Brown, Inc. (NYSE: BRO), is pleased to announce a new nationwide program agreement with the Arch Insurance Group, for management and placement of public entity professional liability insurance including public officials, educators legal, and law enforcement liability. The new program is available immediately in all 50 states.
Brown & Brown Public Entity Services is pleased to also announce that Mark Dillard, the former lead underwriter with the U.S. Risk, L.P. Governmental Programs Division, along with his team, will manage this new Arch program out of Public Entity Services' Dallas, Texas office.
Shane Caldwell, who has overall responsibility for Public Entity Services, said, "We are excited about our partnership with Arch. The financial security and stability offered by Arch, coupled with the underwriting expertise and distribution of Brown & Brown Public Entity Services, will provide public entities and their agents with a much needed alternative in this difficult market."
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' eighth largest independent insurance intermediary. The Company's Web address is http://www.bbinsurance.com .
Arch Insurance Group is a division of Arch Capital Group Ltd., a Bermuda- based company that provides insurance and reinsurance on a worldwide basis through its wholly owned subsidiaries. Arch Insurance Group's principal insurance subsidiaries -- Arch Insurance Company, Arch Specialty Insurance Company and Arch Excess & Surplus Insurance Company -- are rated A- (Excellent) by A.M. Best. For more information, visit http://www.archinsurance.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 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 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: general economic conditions around the country; downward commercial property and casualty premium pressures; the competitive environment in the insurance agency and brokerage industry generally; 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; the potential occurrence of a disaster that affects certain areas of the States of Arizona, California, Florida, Georgia, New Jersey, New York, Pennsylvania and/or Washington, where significant portions of the Company's business are concentrated; and the actual costs of resolution of contingent liabilities. All forward-looking statements included in this press release are made only as of the date of this press release, and we do not undertake any obligation to publicly update or correct any forward-looking statements to reflect events or circumstances that subsequently occur or of which we hereafter become aware.
SOURCE Brown & Brown, Inc.
Cory T. Walker, Chief Financial Officer, Brown & Brown, +1-386-239-7250
http://www.prnewswire.com