Brown & Brown, Inc. Names Paul J. Zimmerman to Acquisitions Team
November 19 2010 - 3:31PM
Marketwired
Thomas E. Riley, CPA, CPCU, CMA, CIC, Regional President and Chief
Acquisitions Officer of Brown & Brown, Inc. (NYSE: BRO), today
announced that Paul J. Zimmerman, CPCU, previously of Travelers
Insurance Company, has been named Director of Acquisitions and will
become part of the Company's Acquisitions Team. Effective
immediately, Mr. Zimmerman will be responsible for assisting with
the identification of acquisition opportunities for the Company and
its subsidiaries throughout the United States.
Mr. Riley stated, "We are very pleased to welcome Paul to Brown
& Brown in this very important role. Paul's many years of
experience working closely with an extensive network of agents and
brokers while with Travelers, combined with more than a decade of
service as a principal of an insurance agency, will enable him to
efficiently, effectively and credibly access and assess quality
acquisition candidates as we continue to identify opportunities for
expansion."
Mr. Zimmerman commented, "I look forward to working with the
Brown & Brown team and hope to contribute to the Company's
enhancement through acquisition. Throughout my career in the
insurance industry, I have had many opportunities to work with
Brown & Brown's leadership, production and service teams, and I
welcome this opportunity to introduce promising acquisition
prospects to this high-quality organization."
Mr. Zimmerman's career spans almost forty years in the insurance
industry. His background includes agency and relationship
development work for Travelers Insurance Companies as well
extensive agency management and acquisition experience.
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, 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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