Hull & Company, Inc. Announces the Asset Acquisition of Two Subsidiaries of

Market Solution Managers and Princeton Risk Managers, withcombinedannualized net revenues of approximately $1.6 million, servethe excess andsurplus lines insurance needs of agents located primarilyin thenortheastern United States. While the New York City operationwill remainat its current location, the Princeton office will be combinedwith Hull'sexisting Florham Park, New Jersey office. The two locationswill be underthe leadership of Jon Bannett, who heads Hull's existingDVUA office inFlorham Park, New Jersey.

Mr. Cohen commented, "The acquisition of these two operationsrepresentsanother fine move for us, increasing our presence in theNortheast andfurther expanding our array of services and our long-termplatform fromwhich we serve our customers."

Hull & Company, Inc. is a wholly-owned subsidiary ofBrown & Brown, Inc.(NYSE: - ). Brown & Brown, Inc. (the "Company") offersa broad range ofinsurance and reinsurance products and services, as wellas riskmanagement, third party administration, managed health care,and Medicareset-aside services and programs. Providing service to business,publicentity, individual, trade and professional association clientsnationwide,the Company is ranked by Business Insurance magazine asthe sixth largestindependent insurance intermediary in the United Statesand worldwide. TheCompany's Web address is .

This press release may contain certain statements relatingto futureresults which are forward-looking statements. These statementsare nothistorical facts, but instead represent only the Company'sbelief regardingfuture events, many of which, by their nature, are inherentlyuncertain andoutside of the Company's control. It is possible that theCompany's actualresults and financial condition may differ, possibly materially,from theanticipated results and financial condition indicated intheseforward-looking statements. Further information concerningthe Company andits business, including factors that potentially could materiallyaffectthe Company's financial results, are contained in the Company'sfilingswith the Securities and Exchange Commission. Some factorsinclude thosefactors relevant to Hull & Company, Inc.'s consummationand integration ofthe announced acquisition, including any matters analyzedin the duediligence process, material adverse changes in the customersof the companywhose operations are being acquired and material adversechanges in thebusiness and financial condition of either or both companiesand theirrespective customers. All forward-looking statements includedin this pressrelease are made only as of the date of this press release,and the Companydoes not undertake any obligation to publicly update orcorrect anyforward-looking statements to reflect events or circumstancesthatsubsequently occur or of which the Company thereafter becomesaware.