Brown & Brown, Inc. Announces the Election of Timothy R.M. Main to Its Board of Directors
October 19 2010 - 6:26PM
Marketwired
Brown & Brown, Inc. (NYSE: BRO), today announced the election
of Timothy R.M. Main, Managing Director of JP Morgan, a global
investment bank, to Brown & Brown, Inc.'s Board of Directors.
J. Hyatt Brown, Chairman of the Board, said, "We are pleased to
welcome Tim to our Board of Directors. His nomination was
enthusiastically approved by our Board members, who agree that he
will be a great addition to our ranks. The proven leadership
ability, strong work ethic, and dedication and drive that have
characterized his noteworthy career exemplify the best of the Brown
& Brown culture."
Chilton D. Varner, who chairs the Nominating/Corporate
Governance Committee of the Company's Board of Directors, observed,
"Tim brings a wealth of experience to the Board and will offer a
unique perspective drawn from his decades of experience working
with bank, insurance, specialty finance, broker dealer, asset
management, securities and governmental operations on a wide
variety of transactions in a wide variety of contexts."
J. Powell Brown, the Company's Chief Executive Officer,
commented, "Tim brings tremendous personal talent and professional
experience to our Board. The depth and sophistication of his
financial expertise and understanding of our industry qualify him
to be an active and valuable contributor at the Board level. He is
part of a culture of success, and we will be the beneficiaries of
his counsel as our Company continues to grow."
Mr. Main has been with JPMorgan for more than 23 years, and
previously ran the firm's West Coast region and its Equity Capital
Markets group. He currently serves as Head of JPMorgan's North
America Financial Institutions Group and Co-Head of JPMorgan's
Global Financial Institutions Group. In recent years, he has worked
on some of the highest profile transactions in the financial
services arena. Mr. Main is a graduate of Princeton University,
where he earned a B.A. in Economics and was captain of the men's
tennis team. He was born and reared in South Africa.
Brown & Brown, Inc., through its subsidiaries, offers a
broad range of insurance and reinsurance products and services, as
well as risk management, third-party administration, managed health
care, and Medicare set-aside services and 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. 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. 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.
Cory T. Walker Chief Financial Officer (386) 239-7250
Brown and Brown (NYSE:BRO)
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