Brown & Brown Forms New Public Entity Reporting Region

Jim W. Henderson, president and COO of Brown & Brown Inc. of Daytona Beach and Tampa, Fla. has announced the formation of a new reporting region within the Company. Brown & Brown Public Entity Services will focus on providing insurance-related products and services to governmental and quasi-governmental entities nationwide.

Already recognized as a leader in understanding and serving public entities’ insurance needs, the formation of this specialized region will allow Brown & Brown to provide additional assets for one of its fastest-growing market segments.

K. Shane Caldwell, president of Brown & Brown’s Public Risk Underwriters subsidiary, will assume the position of president of Brown & Brown Public Entity Services. Caldwell, along with J. Powell Brown, Brown & Brown regional executive vice president will be responsible for the operations of the new region.

“State and local governmental entities nationwide account for 20 percent of all insurance spending in the United States and are pro- active clients of insurance products and services,” Caldwell said. “The formation of Brown & Brown Public Entity Services further enhances Brown & Brown’s ability to access and serve this important sector.”

The company plans to grow both internally by bringing new creative products to market as well as through the strategic acquisition of agencies that specialize in public entity business.

“The formation of a region to specifically focus on the insurance needs of the public sector, combined with our commitment of the leadership and resources necessary to make it an industry leader, is a result of our recognition of the importance to fully meet the insurance needs of public entities across our country,” J. Hyatt Brown, chairman and CEO commented.