Bridgestone (LSE:BRO)
Historical Stock Chart
From Jun 2019 to Jun 2024
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/