Brown & Brown announces accelerated share buyback

BY JOURNAL STAFF

news@cnybj.com

Brown & Brown, Inc. (NYSE: BRO) - parent of Brown & Brown Empire State - announced on Nov. 14 that it has entered an accelerated share repurchase program with JPMofgan Chase Bank for up to $75 million of Brown & Brown's common stock. The buyback program is part of the company's board-approved $400 million share repurchase authorization announced in July 2015.

Brown & Brown through its subsidiaries, offers a range of insurance products and related services. It says it is ranked by Business Insurance magazine as the sixth largest independent insurance intermediary in the U.S.

Brown & Brown Empire State describes itself a full-service retail brokerage offering employee benefits, commercial insurance, personal insurance, bonding, risk management, and claims management products and services. It has 90 insurance professionals in Syracuse, Endicott, and Clifton Park, New York-operating as the largest of eight Brown & Brown offices in upstate New York and the firm's fifth largest retail office in the nation. *