SOURCE: Brown & Brown, Inc.

Brown & Brown, Inc.

January 05, 2010 16:15 ET

Brown & Brown, Inc. Announces the Retirement of Jim W. Henderson, Vice Chairman and Chief Operating Officer, Effective in August 2010

DAYTONA BEACH, FL and TAMPA, FL--(Marketwire - January 5, 2010) - Brown & Brown, Inc. (NYSE: BRO) announces the retirement of Jim W. Henderson, its Vice Chairman and Chief Operating Officer and a member of its Board of Directors, effective in August 2010. In view of his impending retirement from the Company, Jim Henderson has confirmed that he will not seek re-election to the Company's Board of Directors at the 2010 Annual Shareholders' Meeting in April.

Jim Henderson has served in various leadership capacities with the Company and its predecessor for the past 25 years, including Chief Financial Officer, Profit Center Leader of its Daytona Beach, Florida retail operations, Senior Vice President, Executive Vice President and President. Prior to joining Brown & Brown, he served as Senior Vice President and Treasurer of the Ormond Reinsurance Group.

Commenting on Jim Henderson's decision to retire from the Company, J. Hyatt Brown, Chairman of the Board, said, "Throughout Jim's long and distinguished career with Brown & Brown, he has consistently provided the leadership and exhibited the drive and dedication that are the hallmarks of the 'best of the best' within our Company. As a result, his responsibilities increased commensurately with our Company's growth over the past 25 years. His oversight and counsel were critical components of the success of Brown & Brown, and his contributions as a Company officer and a member of our Board will be missed. We wish him success in his continuing and future endeavors."

J. Powell Brown, President and Chief Executive Officer, added, "Jim has been a valued mentor, resource and example to many of our leaders in the course of their advancement through the ranks of our Company. We are grateful for his contributions and the traditions of hard work and developing people that characterized his noteworthy career with Brown & Brown."

Jim Henderson is Chairman of the Board of Trustees of Embry-Riddle Aeronautical University, and is a member of the Board of Directors of Hallmark Financial Services, Inc., a publicly traded company; the School of Business Administration of Stetson University; the Council of Insurance Agents and Brokers; and the Florida Hurricane Catastrophe Fund. He previously served as Co-Chairman of the Insurance Accounting and Systems Association's Property & Casualty Committee, President of the Central Florida Chapter of Financial Executives International, and as a member of the Board of Directors of United Way of Volusia/Flagler Counties and the Ronald McDonald House. A graduate of Florida State University, he holds both the Chartered Property Casualty Underwriter (CPCU) and Certified Public Accountant (CPA) designations.

Brown & Brown, Inc. and its subsidiaries offer a broad range of insurance and reinsurance products and services, as well as risk management, employee benefit administration, and managed health care programs. Providing service to business, public entity, individual and trade and association clients nationwide, the Company is ranked by Business Insurance magazine as the United States' sixth largest independent insurance intermediary. Our 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 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. 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.

Contact Information

  • Contact:
    Cory T. Walker
    Chief Financial Officer
    (386) 239-7250