Brown & Brown, Inc. Announces The Asset Acquisition Of Benefit Resource, Inc., Benefit Resource Of Indiana, Inc. And Business Be
31 10월 2003 - 2:10AM
PR Newswire (US)
Brown & Brown, Inc. Announces The Asset Acquisition Of Benefit
Resource, Inc., Benefit Resource Of Indiana, Inc. And Business
Benefits Group, Inc. DAYTONA BEACH, Fla. and TAMPA, Fla., Oct. 30
/PRNewswire-FirstCall/ -- J. Scott Penny, Regional Executive Vice
President of Brown & Brown, Inc. , and Eric E. Anderson,
Chairman of Benefit Resource, Inc., Benefit Resource of Indiana,
Inc. and Business Benefits Group, Inc., with offices in Owensboro,
Kentucky and Newburgh, Indiana, today announced the asset
acquisition of Benefit Resource, Inc., Benefit Resource of Indiana,
Inc. and Business Benefits Group, Inc., by Brown & Brown, Inc.
The transaction is effective November 1, 2003. The three entities,
with combined annualized revenues of approximately $2.5 million,
specialize in serving the employee benefits needs of businesses
throughout Kentucky and Indiana. Eric Anderson will continue in his
current leadership role and be a member of Brown & Brown's
Executive Committee. He, along with Andy Anderson, founder, and Dan
Davis in Kentucky and Patty McGowan in Indiana and their staffs,
will continue to serve clients at their current locations as
free-standing Brown & Brown offices. Mr. Penny, who is
responsible for Brown & Brown's operations in the midwestern
United States, said, "We are quite pleased that Andy, Eric, Patty
and Dan and their staff of insurance specialists have elected to
join our team. Their operation adds strength to our area presence
and represents our initial entry into the Commonwealth of Kentucky.
This is an important addition in our goal to better serve the
insurance needs of the residents and businesses of this region."
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 http://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. Some factors include: general
economic conditions around the country; downward commercial
property and casualty premium pressures; the competitive
environment; 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; and the potential occurrence of a disaster that
affects certain areas of the States of Arizona, California, Florida
and/or New York, where significant portions of the Company's
business are concentrated. 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. DATASOURCE: Brown & Brown, Inc. CONTACT: Cory T.
Walker, Chief Financial Officer, Brown & Brown, +1-386-239-7250
Web site: http://www.bbinsurance.com/
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