Brown & Brown Public Entity Services Announces The Signing of an Exclusive Arrangement to Provide Public Officials, Law Enforcem
June 07 2005 - 10:22AM
PR Newswire (US)
Brown & Brown Public Entity Services Announces The Signing of
an Exclusive Arrangement to Provide Public Officials, Law
Enforcement and Educators Legal Liability Insurance in All 50
States LAKE MARY, Fla., June 7 /PRNewswire-FirstCall/ -- Brown
& Brown Public Entity Services, a division of Program
Management Services, Inc., a subsidiary of Brown & Brown, Inc.
(NYSE:BRO), is pleased to announce a new nationwide program
agreement with the Arch Insurance Group, for management and
placement of public entity professional liability insurance
including public officials, educators legal, and law enforcement
liability. The new program is available immediately in all 50
states. Brown & Brown Public Entity Services is pleased to also
announce that Mark Dillard, the former lead underwriter with the
U.S. Risk, L.P. Governmental Programs Division, along with his
team, will manage this new Arch program out of Public Entity
Services' Dallas, Texas office. Shane Caldwell, who has overall
responsibility for Public Entity Services, said, "We are excited
about our partnership with Arch. The financial security and
stability offered by Arch, coupled with the underwriting expertise
and distribution of Brown & Brown Public Entity Services, will
provide public entities and their agents with a much needed
alternative in this difficult market." 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' eighth largest independent
insurance intermediary. The Company's Web address is
http://www.bbinsurance.com/ . Arch Insurance Group is a division of
Arch Capital Group Ltd., a Bermuda- based company that provides
insurance and reinsurance on a worldwide basis through its wholly
owned subsidiaries. Arch Insurance Group's principal insurance
subsidiaries -- Arch Insurance Company, Arch Specialty Insurance
Company and Arch Excess & Surplus Insurance Company -- are
rated A- (Excellent) by A.M. Best. For more information, visit
http://www.archinsurance.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 in the insurance agency and brokerage industry
generally; 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; the potential occurrence of a disaster that affects
certain areas of the States of Arizona, California, Florida,
Georgia, New Jersey, New York, Pennsylvania and/or Washington,
where significant portions of the Company's business are
concentrated; and the actual costs of resolution of contingent
liabilities. 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/ http://www.archinsurance.com/
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