Brown & Brown, Inc. Announces the Asset Acquisition of

Brown & Brown, Inc. Announces the Asset Acquisition of Insurcorp 
DAYTONA BEACH, FL and TAMPA, FL -- (Marketwire) -- 05/17/12 --   C.
Roy Bridges, Regional President of Brown & Brown, Inc. (NYSE: BRO),
together with Brian W. Cruden, the president and sole shareholder of
Insurcorp, and Georges G. Maalouf, manager and sole member of GGM
Investments LLC d/b/a Maalouf Benefit Resources, both located in Las
Vegas, Nevada, today announced that Brown & Brown Insurance of
Nevada, Inc., a subsidiary of Brown & Brown, Inc., has acquired
certain assets of Insurcorp and  Maalouf Benefit Resources, which
recently combined under the name "Insurcorp." 
Insurcorp provides employee benefits retail brokerage and consulting
services to employers in Nevada and surrounding states. The company
also offers property and casualty and related insurance products to
its clients. Insurcorp has annual revenues of approximately $5
million. Following the transaction, Insurcorp's operations will be
combined with those of Brown & Brown Insurance of Nevada's existing
Las Vegas, Nevada office which will operate under the leadership of
Brian Cruden. 
Mr. Bridges, who is responsible for Brown & Brown Insurance of
Nevada's retail operations, stated, "Insurcorp, with the addition of
Maalouf Benefit Resources, is one of the largest employee benefit
consultancies in Nevada. Brian, Georges and their team have
significant experience and expertise providing employee benefits
coverage as well as developing new innovations to assist their
clients. They will be an outstanding addition to the Brown & Brown
Brown & Brown, Inc., through its subsidiaries, offers a broad range
of insurance and reinsurance products and related services.
Additionally, certain Brown & Brown subsidiaries offer a variety of
risk management, third-party administration, and other services.
Serving business, public entity, individual, trade and professional
association clients nationwide, Brown & Brown is ranked by Business
Insurance magazine as the United States' seventh largest independent
insurance intermediary. Brown & Brown's Web address is 
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 Brown & Brown's current belief
regarding future events, many of which, by their nature, are
inherently uncertain and outside of Brown & Brown's control. It is
possible that Brown & Brown'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 Brown & Brown and its business,
including factors that potentially could materially affect Brown &
Brown's financial results and condition, as well as its other
achievements, is contained in Brown & Brown's filings with the
Securities and Exchange Commission. Such 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, and material adverse changes in the business and
financial condition of the seller, the buyer, or both, and their
respective customers. All forward-looking statements made herein are
made only as of the date of this release, and Brown & Brown 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 Brown & Brown hereafter becomes aware. 
Cory T. Walker
Chief Financial Officer
(386) 239-7250 
Press spacebar to pause and continue. Press esc to stop.