Brown & Brown, Inc. Announces the Asset Acquisition of Agency Associates, Inc.

DAYTONA BEACH, FL and TAMPA, FL–(Marketwire - November 13, 2008) - J. Scott Penny, Regional
Executive Vice President of Brown & Brown, Inc. (NYSE: BRO), and Frederick
W. “Fred” McClaine, B. Michael Haffey and Ronald L. “Ron” Smith, principals
of Agency Associates, Inc., today announced the asset acquisition of Agency
Associates, Inc. and certain affiliated entities by a subsidiary of Brown &
Brown, Inc.

Agency Associates and its affiliates, with combined annual revenues of
approximately $5.2 million, offer property and casualty insurance,
individual and group employee benefits insurance, and financial planning
products and services to individuals and businesses throughout Indiana.
Agency Associates serves numerous professional and trade associations and
their members, as well as individuals, businesses and non-profit
organizations, throughout Indiana and the region. Fred McClaine, Michael
Haffey, Ron Smith a

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