Hull & Company, Inc. Announces the Asset Acquisition Of E. & S. Brokerage Services, Inc.

FT. LAUDERDALE, Fla., Aug. 8 /PRNewswire-FirstCall/ -- Edwin J. Calabrese, President and Chief Operating Officer of Hull & Company, Inc. and Timothy D. Neff, President of E. & S. Brokerage Services, Inc., with offices in Albuquerque, New Mexico, and Tucson, Arizona, today announced the asset acquisition of E. & S. Brokerage Services, Inc. by Hull & Company, Inc.

E. & S. Brokerage Services is a managing general agency and excess surplus lines operation with approximately $1.8 million in annualized revenues. Both will report to Ralph Robinson, Vice President of Hull's Denver office.

Mr. Calabrese said, "The addition of Tim and his team further enhance our capabilities in the Western United States. It is a pleasure to welcome them to our growing family."

Hull & Company offers a broad range of insurance products to retail insurance agents and brokers throughout the United States. The company website address is http://www.hullco.com/

Hull & Company, Inc. is a wholly-owned subsidiary of Brown & Brown, Inc. (the "Company"). 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 those factors relevant to this transaction, including any matters analyzed in the due diligence process, material adverse changes in the customers of the company, material adverse changes in the business and financial condition of either or both companies and their respective customers, and/or substantial delay in the expected closing of the transaction. All forward-looking statements included in this press release are made only as of the date of this press 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 thereafter becomes aware.