GlobeNewswire Inc | Aug 25, 2020 05:15PM EDT

August 25, 2020

DAYTONA BEACH, Fla., Aug. 25, 2020 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE:BRO) today announced today that it has terminated with immediate effect the previously announced agreement to acquire the assets of HAUSER. The transaction was expected to close in September 2020, subject to certain closing conditions.

Brown & Brown, Inc. is a leading insurance brokerage firm, providing risk management solutions to individuals and businesses. With Brown & Browns 80 years of proven success and thousands of teammates, we offer knowledge you can trust and strive to deliver superior customer service. For more information, please visit bbinsurance.com.

This press release may contain certain statements relating to future results which are forward-looking statements, including those associated with this acquisition. These statements are not historical facts, but instead represent only Brown & Browns current belief regarding future events, many of which, by their nature, are inherently uncertain and outside of Brown & Browns control. It is possible that Brown & Browns actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. Further information concerning Brown & Brown and its business, including factors that potentially could materially affect Brown & Browns financial results and condition, as well as its other achievements, is contained in Brown & Browns 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 & 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 & Brown hereafter becomes aware.

R. Andrew WattsChief Financial Officer(386) 239-7550