DAYTONA BEACH, FL and TAMPA, FL, Sep 25, 2006 (MARKET WIRE via COMTEX News Network) -- Mr. Paul A. Vredenburg has joined Brown & Brown, Inc. (NYSE: BRO) as Vice President - Acquisitions. In this position, Mr. Vredenburg will focus on acquisition opportunities for the company.
Mr. Vredenburg has spent the majority of his career working with insurance agencies and brokerages in the areas of acquisitions, mergers, perpetuation planning, financial benchmarking and development of organizational best practices. During that time, he has conducted seminars and published articles on agency valuation, merger & acquisition activity and perpetuation of ownership, across the country.
Mr. Vredenburg returns to Brown & Brown, Inc. where he was employed from 2000 to 2003 as Director of Tax and Acquisitions and then as a producer in the company's Norfolk Virginia office. For the past three years, he has been a Senior Vice President and Shareholder of Marsh, Berry & Company. His prior experience includes serving as a tax manager at Ernst & Young LLP, providing tax consulting services to the Financial Services industry.
Jim W. Henderson, President of Brown & Brown, said of Mr. Vredenburg's return, "We feel quite fortunate to have an individual with Paul's strong background in the insurance arena and experience available to take a leading role in our on-going quest to seek out the very best in new partners to join our team."
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.
Cory T. Walker Chief Financial Officer (386) 239-7250
SOURCE: Brown & Brown, Inc.