SOURCE: Brown & Brown, Inc.

January 28, 2008 17:49 ET

Brown & Brown, Inc. Forms Mergers & Acquisitions Team and Promotes Thomas M. Donegan, Jr. to Vice President and Chief Acquisitions Counsel

DAYTONA BEACH, FL and TAMPA, FL--(Marketwire - January 28, 2008) - Jim W. Henderson, Vice Chairman and Chief Operating Officer of Brown & Brown, Inc. (NYSE: BRO), is pleased to announce that, effective immediately, Thomas M. Donegan, Jr., Esq., CIC, currently the Company's Vice President, Assistant Secretary and Assistant General Counsel, has been selected to head the newly formed Mergers & Acquisitions Division within Brown & Brown's Legal Department, and has been promoted to the newly formed position of Vice President and Chief Acquisitions Counsel. In this new position Mr. Donegan will be responsible for directing the legal activities of the Company's newly formed Mergers & Acquisitions Team. Mr. Donegan will also continue to serve as Assistant Secretary of the Company.

Mr. Donegan joined Brown & Brown in April of 2000 as Vice President, Assistant Secretary and Assistant General Counsel. He earned his Juris Doctor degree from the Emory University Law School in 1998, after having graduated with honors from the University of Florida with a B.A. degree in 1992. Prior to joining Brown & Brown he was with the law firm of Smith, Gambrell & Russell, LLP, in Atlanta, Georgia. Mr. Donegan has also earned the insurance industry's Certified Insurance Councilor (CIC) designation.

Commenting on the new M&A Team and Mr. Donegan's new role, Mr. Henderson said, "As our merger and acquisition activity has grown it was just sound business to dedicate a specialized team to this aspect of our growth. Tom was selected to head the very critical legal side due to his prior heavy involvement with our M&A activity and inherent knowledge of what is needed to help us avoid possible legal issues and the subsequent challenges these can create."

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 sixth largest independent insurance intermediary in the United States, as well as in the World. 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 current belief of Brown & Brown, Inc. and its subsidiaries (collectively the "Company") 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 those factors relevant to Brown & Brown's consummation and integration of the announced acquisition, including any matters analyzed in the due diligence process, material adverse changes in the customers of the company whose operations are being acquired and material adverse changes in the business and financial condition of either or both companies and their respective customers. All forward-looking statements included in this press release are made only as of the date of this press 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 thereafter becomes aware.

Contact Information

  • Jim W. Henderson
    Vice Chairman & COO
    (386) 239-5789