Brown & Brown Acquires Niagara Effective 1/1/04

Thomas E. Riley, Regional Executive Vice President of Brown & Brown, Inc. (NYSE: BRO), and Theodore R. Sobolewski, Jr., Chief Executive Officer of Niagara Risk Management Associates, Inc. and Niagara Benefits Group, Inc., doing business as Niagara Insurance Group of Williamsville, New York, have announced the asset acquisition of Niagara Risk Management Associates, Inc. and Niagara Benefits Group, Inc. by Brown & Brown, Inc. The transaction is effective January 1, 2004. Niagara Insurance Group, with annualized revenues of approximately $4.5 million, is a retail insurance agency which focuses...