Published:
Brown & Brown, Inc. Announces Expanded M&A Responsibilities for Thomas K. "Tommy" Huval
Brown & Brown, Inc. (NYSE: BRO) has announced that Thomas K. "Tommy" Huval, CIC, Executive Vice
President of Brown & Brown of Louisiana, Inc., and Profit Center Manager
for the Company's Baton Rouge, Louisiana, office, will now also be
responsible for much broader involvement in Brown & Brown's mergers and
acquisitions (M&A) activity.
Mr. Huval joined Brown & Brown in January 2001 when the Huval Companies, of
which he was President and CEO, were acquired by Brown & Brown. Since then,
the Huval Companies' operations have become a strong, profitable force
within the Brown & Brown organization, and Mr. Huval has been involved in
the identification, negotiation and completion of numerous Brown & Brown
acquisitions. Mr. Huval, with 30 years of industry experience, is on the
Board of Directors of the Independent Insurance Agents of Louisiana, the
LUBA Advisory Board, Safeco Agency Council, the Rough Notes Magazine
Advisory Board, Advisory Board for Louisiana Workers Compensation
Corporation, Advisory Board for America 1st Insurance Company and is Past
Chairman and present member of The Greenwich Group, as well as being a
member of Brown & Brown's Leadership Council. He has earned the Certified
Insurance Counselor (CIC) designation.
Commenting on his expanded role, Mr. Huval said, "I am very pleased to have
the opportunity to become more actively involved in telling the Brown &
Brown story. I know there are many agency owners out there that have the
kind of drive and entrepreneurial spirit that is the hallmark of our
organization."
Jim Henderson, President and Chief Operating Officer of Brown & Brown,
Inc., stated, "We are very pleased that Tommy has agreed to take on this
expanded role in our mergers and acquisitions activity. He is a valued
member not only of Brown & Brown, but of our industry. He epitomizes the
type of agency owners we are seeking to join us as we move to the next
level."
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, and managed health care programs. Providing service
to business, public entity, individual, trade and professional association
clients nationwide, the Company is ranked by Business Insurance magazine as
the United States' seventh largest independent insurance intermediary. 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 relating to
continuing our revenue, earnings and operating growth, as well as
identifying and consummating attractive acquisition opportunities. 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, financial condition and
achievements may differ, possibly materially, from the anticipated results,
financial condition and achievements contemplated by 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 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 those factors relevant to Brown & Brown's
consummation and integration of announced acquisitions, including any
matters analyzed in the due diligence process and material adverse changes
in the customers of the companies whose operations are acquired. 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.
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Tags: ,FinancialServices:Insurance, ,NYSE0001,NYSE0001,,DAYTONA BEACH, FL and TAMPA, FL
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