Brown & Brown, Inc. Announces the Asset Acquisition of Saville & Associates, Inc. and Public Risk Underwriters, Inc.

Mar 20, 2003, 00:00 ET from Brown & Brown, Inc.

    DAYTONA BEACH, Fla., and TAMPA, Fla., March 20 /PRNewswire-FirstCall/ --
 Jim W. Henderson, President and Chief Operating Officer of Brown & Brown, Inc.
 (NYSE:   BRO), Robert V. "Bob" Saville, President of Saville & Associates, Inc.,
 of Norcross, Georgia, and Michael W. Gay, President of Public Risk
 Underwriters, Inc., of High Point, North Carolina, today announced the closing
 of the asset acquisition of Saville & Associates, Inc. and Public Risk
 Underwriters, Inc. by Brown & Brown, Inc.  The transactions are effective as
 of March 1, 2003.
     Saville & Associates, Inc. and Public Risk Underwriters, Inc. have
 combined annualized revenues of approximately $1.8 million.  These two
 managing general agencies specialize in providing insurance products and
 services to public entities.  As such they represent a solid expansion of
 Brown & Brown's subsidiary, Program Management Services, Inc. (PMSI), a leader
 in serving the insurance needs of the governmental sector countrywide.  Bob
 Saville, acting as Profit Center Manager, and his staff, will continue to
 operate the two businesses under their respective names, at their current
 locations, as stand-alone operations of PMSI.
     Shane Caldwell, President of PMSI, noted, "Saville & Associates and Public
 Risk Underwriters represent an important addition in our strategic plan to
 maintain our leadership in providing products and services to governmental
 entities.  We are very pleased that these quality organizations have elected
 to join our family of insurance specialists."
     Brown & Brown, Inc. and its subsidiaries provide a broad range of
 insurance and reinsurance products and services, as well as risk management,
 employee benefit administration, and managed health care services through
 offices located across the United States.  The company is ranked by Business
 Insurance magazine as the nation's sixth largest independent insurance
 intermediary organization. Our Web address is
     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.

SOURCE Brown & Brown, Inc.