<SEC-DOCUMENT>0000079282-13-000013.txt : 20130521
<SEC-HEADER>0000079282-13-000013.hdr.sgml : 20130521
<ACCEPTANCE-DATETIME>20130521134832
ACCESSION NUMBER:		0000079282-13-000013
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20130521
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20130521
DATE AS OF CHANGE:		20130521

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BROWN & BROWN INC
		CENTRAL INDEX KEY:			0000079282
		STANDARD INDUSTRIAL CLASSIFICATION:	INSURANCE AGENTS BROKERS & SERVICES [6411]
		IRS NUMBER:				590864469
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13619
		FILM NUMBER:		13861051

	BUSINESS ADDRESS:	
		STREET 1:		PO BOX 1348
		CITY:			TAMPA
		STATE:			FL
		ZIP:			33601
		BUSINESS PHONE:		8132224182

	MAIL ADDRESS:	
		STREET 1:		PO BOX 1348
		CITY:			TAMPA
		STATE:			FL
		ZIP:			33601

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	POE & BROWN INC
		DATE OF NAME CHANGE:	19930827

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	POE & ASSOCIATES INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
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<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Pursuant to Section&nbsp;13 or 15(d) of the</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Date of Report (date of earliest event reported):
May 21, 2013</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 24pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Brown &amp; Brown, Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Exact Name of Registrant as Specified in
its Charter)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
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    <TD STYLE="width: 34%; font-weight: bold; text-align: center"><FONT STYLE="font-size: 10pt"><B>Florida</B></FONT></TD>
    <TD STYLE="width: 33%; font-weight: bold; text-align: center"><FONT STYLE="font-size: 10pt"><B>001-13619</B></FONT></TD>
    <TD STYLE="width: 33%; font-weight: bold; text-align: center"><FONT STYLE="font-size: 10pt"><B>59-0864469</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 10pt"><B>(State or Incorporation)</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 10pt"><B>(Commission File Number)</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 10pt"><B>(I.R.S. Employer Identification Number)</B></FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>220 South Ridgewood Avenue, Daytona Beach,
Florida 32114</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Address of principal executive offices) (Zip
code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Registrant's telephone number, including area
code:&nbsp;&nbsp;<B><U>(386) 252-9601</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>N/A</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Former name or former address, if changed since
last report)&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">&#61608;</FONT></TD>
    <TD STYLE="width: 95%"><FONT STYLE="font-size: 10pt">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&#61608;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&#61608;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&#61608;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></TD></TR>
</TABLE>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>Item&nbsp;1.01 </B>&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="color: black"><B>Entry
into a Material Definitive Agreement</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="color: black">On May 21, 2013, Brown &amp; Brown, Inc.
(the &quot;Company&quot;), a Florida corporation, Brown &amp; Brown Merger Co. (&quot;Merger Sub&quot;), a Delaware corporation
and wholly-owned subsidiary of the Company, </FONT>Beecher Carlson Holdings, Inc., a Delaware corporation (&quot;Beecher&quot;),
and BC Sellers&#8217; Representative LLC<FONT STYLE="color: black">, solely </FONT>in its capacity as the representative of Beecher's
shareholders (the &quot;Representative&quot;),<FONT STYLE="color: black"> entered into a merger agreement (the &quot;Agreement&quot;).
The Agreement contemplates that the Merger Sub will merge with and into </FONT>Beecher<FONT STYLE="color: black">, with </FONT>Beecher<FONT STYLE="color: black">
as the surviving corporation (the &quot;Merger&quot;). </FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Immediately upon the consummation of the Merger, Beecher's shares
will be converted into the rights to receive cash equal, collectively, to $360.0 million, subject to an adjustment for working
capital.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Under the Agreement, the Merger is subject to certain closing conditions
including the receipt of required regulatory approvals for the transaction (including the approval of antitrust authorities necessary
to complete the acquisition) and the delivery of written consents to the Merger by certain third parties with which Beecher does
business. In addition, the Merger is subject to approval by Beecher's stockholders (which include a relatively small number of
investors who effectively control Beecher) and this approval is anticipated to be sought later this week. If the Merger is not
closed by October 1, 2013, either party may terminate the Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">A copy of the Agreement will be filed as an exhibit to our Quarterly
Report on Form 10-Q for the quarter ending June 30, 2013.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Other than in respect of the Agreement, the Company and the Merger
Sub have no material relationship with Beecher or the Representative.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">The Company currently intends to finance the above transaction by
a combination of its available cash and new third-party financing the Company is pursuing.&nbsp; The Company may alternatively
obtain the third-party financing under existing agreements.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="color: black">This Form 8-K contains Forward Looking
Statements, including those regarding the closing of the Merger and the financing of this transaction. </FONT>These statements
are not historical facts, but instead represent only the Company's current belief regarding future events, many of which, by their
nature, are inherently uncertain and outside of the Company's control. It is possible that actual events may differ, possibly materially,
from the anticipated events indicated in these forward-looking statements. These risks and uncertainties include, but are not limited
to those set forth in the Press Release attached as Exhibit 99.1 hereto.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>Item&nbsp;7.01 Regulation FD Disclosure </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">On<FONT STYLE="color: black"> May 21, 2013</FONT>, <FONT STYLE="color: black">the
Company </FONT>issued a press release announcing the execution of the Agreement. The press release is attached as Exhibit&nbsp;99.1.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">The information furnished herewith pursuant to Item&nbsp;7.01 of
this Current Report, including Exhibit 99.1, shall not be deemed to be filed for the purposes of Section&nbsp;18 of the Securities
Exchange Act of 1934, as amended (the &quot;Exchange Act&quot;), or otherwise subject to the liabilities of that section. The information
in this Current Report shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or
the Exchange Act, except as shall be expressly set forth by specific reference in such filing.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>Item&nbsp;9.01 Financial Statements and Exhibits</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">(d)&#9;Exhibits</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">The following exhibit is furnished herewith:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>Exhibit&nbsp;No.</B>&#9;&nbsp;&#9;<B>Description</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 58.7pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">99.1&#9;&nbsp;&#9;Press Release dated<FONT STYLE="color: black">
May 21, 2013</FONT>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 27pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp; &#9;Brown &amp; Brown, Inc.&#9;&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;&#9;&nbsp;&#9;&nbsp;&#9;&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp; &#9;&nbsp; &#9;&nbsp; &#9;&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">May 21, 2013&#9;By:&#9; <U>_/s/ Cory T. Walker______________</U>&#9;&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp; &#9;&nbsp; &#9;Cory T. Walker&#9;&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp; &#9;&nbsp; &#9;Sr. Vice President, Treasurer and</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&#9;Chief Financial Officer</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 6pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 9pt 0 1.5in; text-align: right; text-indent: 0.5in; color: red"><B>&#9;</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 9pt 0 0"><IMG SRC="image_005.jpg" ALT="" STYLE="height: 105px; width: 126px"><FONT STYLE="font: 10pt Symbol">&acirc;</FONT>&#9;<FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;News
Release</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 3.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 3.5in; text-align: justify; text-indent: 0.5in">Cory T. Walker</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: justify">May 21, 2013&#9;&#9;&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9;Chief Financial
Officer</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9; &#9;(386) 239-7250</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: center"><B>BROWN &amp; BROWN, INC. ENTERS INTO
AGREEMENT </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: center"><B>TO ACQUIRE BEECHER CARLSON HOLDINGS,
INC.; </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: center"><B>CONFERENCE CALL SCHEDULED TODAY,
MAY 21, AT 4:00 P.M. EDT </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: justify">(Daytona Beach and Tampa, Florida)
.. . . J. Powell Brown, Chief Executive Officer and President of Brown &amp; Brown, Inc. (NYSE:BRO), today announced that Brown
&amp; Brown, Inc. has entered into a merger agreement to acquire Beecher Carlson Holdings, Inc. (&#8220;Beecher Carlson&#8221;),
an insurance and risk management broker with operations that include retail brokerage, program management and captive management,
from Austin Ventures, FSPM and a group of individual employee and non-employee equityholders. The transaction is expected to close
in July of 2013 and is subject to customary closing conditions, including regulatory approval. The transaction will be a cash acquisition
and is not subject to financing conditions.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Today, May 21, 2013, J. Powell Brown, J. Scott
Penny, Regional President and Chief Acquisitions Officer, and Cory T. Walker, Senior Vice President and Chief Financial Officer
of Brown &amp; Brown, Inc., along with Beecher Carlson senior executive officers Steve Denton and Dan Donovan, will host an investor
update conference call concerning this transaction. You are invited to listen to the call, which will be broadcast live on Brown
&amp; Brown&#8217;s Internet site at 4:00 p.m. EDT. Simply log on to <FONT STYLE="color: windowtext">www.bbinsurance.com</FONT>
and click on &#8220;Investor Relations&#8221; and then &#8220;Calendar of Events&#8221;. A presentation containing additional material
regarding the transaction will also be available at this link.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">If you are unable to listen during the live
webcast, audio from the conference call will be available commencing two hours after the end of the live broadcast until midnight
(EDT) on Monday, June 3, 2013.&nbsp; To access this replay, dial 1-888-203-1112 or 1-719-457-0820 and, when prompted, enter replay
access code 8171635. Audio will also be archived on Brown &amp; Brown&#8217;s website, <FONT STYLE="color: windowtext"><U>www.bbinsurance.com</U></FONT>,
for 60 days after the live broadcast. To access the website replay, go to &#8220;Investor Relations&#8221; and click on &#8220;Calendar
of Events&#8221;. Windows Media Player software and at least a 28.8 kbps connection to the Internet are required to access and
listen to this broadcast.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: justify">Beecher Carlson Holdings, Inc., through
its subsidiaries, had total annual net revenues for 2012 of $105.6 million.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: justify">As part of this transaction:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Steve Denton, Beecher Carlson&#8217;s
current President, will be named a Regional Vice President of Brown &amp; Brown, Inc. and will serve as the CEO of Beecher Carlson.
</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Dan Donovan, Beecher Carlson&#8217;s current
Chief Executive Officer, will serve as Executive Chairman of Beecher Carlson. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Messrs. Denton and Donovan will both be
actively involved in the day-to-day operations of Beecher Carlson and will also join Brown &amp; Brown, Inc.&#8217;s Leadership
Council.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: justify">The large account division will remain
intact, operating as Beecher Carlson under its current leadership based in Atlanta, Georgia. The middle-market retail offices in
Oregon, Arizona and Mississippi will become part of the existing Brown &amp; Brown Retail Division. The OnPoint programs will become
a part of Brown &amp; Brown&#8217;s National Programs Division.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9.35pt 0 0; text-align: justify">Powell Brown stated, &#8220;This
transaction brings many exciting opportunities to Brown &amp; Brown. Beecher Carlson enjoys an enviable position in the industry
segments in which it operates, especially in the large account space. We are bringing together great people and a shared customer
service and sales culture. The addition of Beecher Carlson to the Brown &amp; Brown team offers us an expanded footprint, new opportunities,
enhanced resources and a strong leadership team to facilitate a seamless transition into Brown &amp; Brown.&#8221;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: justify">Dan Donovan stated, &#8220;This combination
with Brown &amp; Brown is very positive for our clients and employees and we look forward to continuing to build out the Beecher
Carlson large account platform. Further, I have been working closely with Steve Denton and the entire Beecher Carlson leadership
team and know Steve is the right person to lead the large account group to new heights as part of Brown &amp; Brown.&#8221;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: justify">Steve Denton said, &#8220;Brown &amp;
Brown is well known as one of the best run operations in the insurance distribution field. With our expertise in the large corporate
arena, we represent a focused channel for growth for Brown &amp; Brown. I also want to congratulate Dan Donovan, our leaders, and
our dedicated employees for building the foundation of passionate client service, innovative products and services, and accountability
around operational excellence. This foundation will serve us well as we invest and grow our brand as part of the Brown &amp; Brown
enterprise.&#8221;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The total net consideration is $336.5 million
($360 million in cash with adjustments for working capital and the value of net tax operating loss carryforwards).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: justify">Brown &amp; Brown, Inc., through its
subsidiaries, offers a broad range of insurance and reinsurance products and related services. Additionally, certain Brown &amp;
Brown subsidiaries offer a variety of risk management, third-party administration, and other services. Serving business, public
entity, individual, trade and professional association clients nationwide, Brown &amp; Brown is ranked by <I>Business Insurance</I>
magazine as the United States&#8217; sixth largest independent insurance intermediary. Beecher Carlson is ranked by<I> Business
Insurance</I> magazine as the United States 27<SUP>th</SUP> largest such intermediary.</P>


<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-bottom: 6pt">&nbsp;</DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: justify">Brown &amp; Brown&#8217;s Web address
is www.bbinsurance.com. Beecher Carlson&#8217;s current operations can be reviewed at their web address located at www.beechercarlson.com.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: justify">This press release may contain certain
statements relating to future results which are forward-looking statements, including those associated with this acquisition; the
appointments of those individuals currently employed by Beecher Carlson to the above-described positions with Brown &amp; Brown
after the transaction; the integration of the current Beecher Carlson operations with Brown &amp; Brown after the transaction;
the combination of Beecher Carlson with Brown &amp; Brown being the best opportunity for Beecher Carlson&#8217;s current clients
and employees; Steve Denton being the best person to continue to lead the large account division into the future as part of Brown
&amp; Brown; the future benefits for Dan Donovan, Steve Denton and the Beecher Carlson team as part of Brown &amp; Brown; and the
unlimited opportunities for the combined Beecher Carlson and Brown &amp; Brown organizations for near-term and future growth. These
statements are not historical facts, but instead represent only Brown &amp; Brown&#8217;s current belief regarding future events,
many of which, by their nature, are inherently uncertain and outside of Brown &amp; Brown&#8217;s control. It is possible that
actual results may differ, possibly materially, from the anticipated results indicated in these forward-looking statements due
to a number of risks and uncertainties. These risks and uncertainties include, but are not limited to: Brown &amp; Brown&#8217;s
consummation and integration of the announced acquisition, including adequately addressing any matters analyzed in the due diligence
process; Brown &amp; Brown&#8217;s ability to obtain the financing that it is pursuing for the transaction as the Merger Agreement
does not include a financing condition to Brown &amp; Brown&#8217;s obligation to close; Brown &amp; Brown&#8217;s ability to retain
Beecher Carlson&#8217;s customers following the transaction; the post-transaction performance of the operations acquired from Beecher
Carlson combined with Brown &amp; Brown&#8217;s operations; material adverse changes in the business and financial condition of
Beecher Carlson, Brown &amp; Brown, or both, and their respective customers; material adverse changes in economic conditions in
the markets Brown &amp; Brown serves and in the general economy; management&#8217;s decisions after the transaction regarding employment
positions with Brown &amp; Brown; the inability of certain individuals to fill certain positions with Brown &amp; Brown after the
transaction; changes to management&#8217;s strategy, including the future strategic decisions regarding its insurance carrier relationships
and/or the products and services it offers its distribution partners; future regulatory actions and conditions in the states in
which Brown &amp; Brown conducts its business; competition from others in the insurance agency, wholesale brokerage, insurance
programs and service business; the occurrence of adverse economic conditions; an adverse regulatory climate; and a disaster in
California, Florida, Georgia, Indiana, Louisiana, Massachusetts, Michigan, New Jersey, New York, Oregon, Pennsylvania, Texas, Virginia
and Washington because a significant portion of business written by Brown&nbsp;&amp; Brown is for customers located in these states;
and the inherent uncertainty in making estimates, judgments, and assumptions in the preparation of financial statements in accordance
with generally accepted accounting principles in the United States of America. Further information concerning Brown &amp; Brown
and its business, including factors that potentially could materially affect Brown &amp; Brown&#8217;s financial results and condition,
as well as its other achievements, is contained in Brown &amp; Brown&#8217;s filings with the Securities and Exchange Commission.
All forward-looking statements made herein are made only as of the date of this release, and Brown &amp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: justify">Brown does not undertake any obligation
to publicly update or correct any forward-looking statements to reflect events or circumstances that subsequently occur or of which
Brown &amp; Brown hereafter becomes aware.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9pt 0 0; text-align: center"><B><I># # # # #</I></B></P>


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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
