Brown & Brown, Inc. Announces Asset Acquisition of Dill, Joyce & Thresher, Incorporated

* Reuters is not responsible for the content in this press release.

Fri Jun 6, 2008 5:56pm EDT

  DAYTONA BEACH, FL and TAMPA, FL, Jun 06 (MARKET WIRE)
-- 
 J. Scott Penny, Regional Executive Vice President of Brown & Brown, Inc. (NYSE:
BRO), and Paul H. Mikkelson, Jr. and Robert F. "Bob" Eilers, Jr., principals
of Dill, Joyce & Thresher, Incorporated, of Avon, Connecticut, and David W.
Peters,President of Edward J. Kernan & Co., Incorporated d/b/a The Kernan
Agency, of
Windsor, Connecticut, announce the asset acquisition of Dill, Joyce &
Thresher, Incorporated and Edward J. Kernan & Co., Incorporated by a
subsidiary of Brown & Brown, Inc.

    Dill, Joyce & Thresher and The Kernan Agency, with combined annualized
revenues of
approximately $4.6 million, focus on employee benefits and property &
casualty insurance services and products for individuals, businesses, non-profit
organizations and schools in Connecticut and throughout mid-New England. Bob
Eilers, Paul Mikkelson, David Peters and their associates will continue to
operate from their existing location in Avon, Connecticut as a freestanding
Brown & Brown of Connecticut, Inc. operation.

    Mr. Penny commented on the transaction, saying, "Bob, Paul, David and
theirteam of insurance professionals are a welcome addition to our team.  We
arevery pleased to have these talented folks join us as we expand our New
England presence."

    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 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, including those associated with this
acquisition. These statements are not historical facts, but instead represent
only the Company's current 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 and condition, as well
as its other achievements, are contained in the Company's filings with the
Securitiesand 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 made herein
are made only as of the date of this 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 hereafter becomes aware.

    

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

Copyright 2008, Market Wire, All rights reserved.

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