Brown & Brown Acquires U.S. Risk’s Governmental Programs Division

June 6, 2005

Brown & Brown Public Entity Services, a division of Program Management Services Inc., a subsidiary of Brown & Brown Inc., has announced that it has acquired the Governmental Programs Division of U.S. Risk, L.P., of Dallas, Texas.

Terms of the transaction were not disclosed.

Mark E. Dillard, former lead underwriter of public entity business for U.S. Risk, and his underwriting team have joined Brown & Brown Public Entity Services’ Dallas, Texas office and will remain active on their existing accounts. Public Entity Services has pledged to make every effort to provide current U.S. Risk clients with the same high-caliber service to which they have become accustomed.

Shane Caldwell, who heads Brown & Brown’s Public Entity Services, commented, “The acquisition of the U.S. Risk Governmental Programs Division will further enhance Brown & Brown Public Entity Services’ position as the premier provider of insurance products and services to public entities throughout the United States.”

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