Brown & Brown Completes Acquisition of MFC&V Ins Services

January 6, 2003

Brown & Brown Inc. and MFC&V Insurance Services, with offices in Santa Barbara, Lompoc and Camarillo, Calif., announced the finalization of their previously announced acquisition transaction, providing for Brown & Brown Inc. to acquire the assets of MFC&V Insurance Services. The transaction was effective Jan. 1, 2003.

MFC&V Insurance Services, with annual revenues of approximately $12 million, has been serving the insurance needs of California residents and businesses for over 67 years. As previously announced, the entire management team and staff of this multi-faceted, commercial property and casualty, life and group health benefits insurance agency will be joining Brown & Brown. They will continue to serve clients from their current locations as freestanding Brown & Brown operations.

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