HOUSTON, TX, March 5, 2007 - Michael A. Garguilo, President & Chief Operating Officer of Brown & Brown of Texas, Inc., based in Houston, Texas (a wholly owned subsidiary of Brown & Brown, Inc. - NYSE: BRO), and Joseph S. Miraglia, owner of Health Insurance Specialists, headquartered in The Woodlands, Texas, today announced the acquisition of Health Insurance Specialists, Inc. by Brown & Brown of Texas, Inc. Health Insurance Specialists and Mr. Miraglia have been serving the Group Employee Benefits, Life and Health Insurance needs of businesses and individuals throughout Texas and surrounding states since 1994. Mr. Miraglia, who will be joining Brown & Brown of Texas at its Houston offices as Vice President, will continue to remain dedicated to serving his clients and meeting their Group Employee Benefits, Corporate and Personal Insurance needs. Commenting on the acquisition Mr. Miraglia said, "I am very excited about the deep resources present within Brown & Brown’s Group Employee Benefits and Commercial Lines Insurance departments, which I believe will greatly benefit my customers. Combining my business with and joining Brown & Brown increases our collective capabilities and affords me the opportunity to provide even greater service to my clients." Remarking on the transaction, Mr. Garguilo stated, "Joe has a large and loyal customer base comprised of people he truly cares about. We are impressed with him and the business relationships he has developed over the years. We believe Brown & Brown’s considerable resources will help add a new dimension to these relationships, benefiting us all." Brown & Brown of Texas, Inc. is a wholly owned subsidiary of Brown & Brown, Inc. (NYSE: BRO), one of the world's ten largest insurance brokers. Based in Houston, Brown & Brown of Texas, Inc. operates throughout the state of Texas and in more than two dozen other states. The company is principally engaged in the business of serving commercial and personal insurance customers by providing of insurance products and services. It offers businesses Property / Casualty Insurance, Surety Bonds, and Group Employee Benefit Plans and provides individuals with Home, Automobile, Valuable Article, and Life Insurance.
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