Brown & Brown, Inc. Announces the Asset Acquisition of Smith-Peabody-Stiles Insurance Agency, Inc.

DAYTONA BEACH, FL and TAMPA, FL, Jan 22 (MARKET WIRE)
--
J. Scott Penny, Regional Executive Vice President of Brown & Brown, Inc. (NYSE:
BRO), and James "Jim" Peabody, President of Smith-Peabody-Stiles Insurance
Agency, Inc., with offices in Fenton and Brighton, Michigan, today announced
the asset acquisition of Smith-Peabody-Stiles Insurance Agency, Inc. by a
subsidiaryof Brown & Brown, Inc.

The Smith-Peabody-Stiles Insurance Agency, with annualized revenues of
approximately $5 million, is one of the oldest and most highly regarded
insurance
agencies in Michigan. Founded in Fenton, Michigan in 1919, the agency has
been serving clients in the Tri-County area and throughout the Great Lakes
State ever since. The company specializes in property and casualty, surety
bonding, life, health and employee benefits. Jim Peabody, Jim Smith, Jeri Stiles
and their staff will continue to serve their clients from their Fenton and
Brighton, Michigan locations as freestanding Brown & Brown operations.

Mr. Penny, Brown & Brown Regional Executive Vice President responsible for
Midwest operations, commented, "We are extremely pleased to have this highly
respected and knowledgeable team of insurance professionals join our
expanding presence in Michigan. They strengthen our expertise and scope of
operations in serving the insurance needs of clients throughout the region and
become another positive force in driving our company's growth and
development."

"We are very excited about the tremendous opportunities that this event
represents for our clients and staff," says Jim Peabody of
Smith-Peabody-Stiles. "Brown & Brown is a premier national insurance
organization.
Our respective operations line up almost exactly and Brown & Brown's
national presence and expanded capabilities will allow us and our clients
access to a greater number of insurance companies, programs and services."

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

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