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Brown & Brown, Inc. Announces the Retirement of Jim W. Henderson, Vice Chairman and COO

Source: Brown & Brown

Posted on 06 Jan 2010

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Brown & Brown, Inc. announces the retirement of Jim W. Henderson, its Vice Chairman and Chief Operating Officer and a member of its Board of Directors, effective in August 2010. In view of his impending retirement from the Company, Jim Henderson has confirmed that he will not seek re-election to the Company's Board of Directors at the 2010 Annual Shareholders' Meeting in April.

Jim Henderson has served in various leadership capacities with the Company and its predecessor for the past 25 years, including Chief Financial Officer, Profit Center Leader of its Daytona Beach, Florida retail operations, Senior Vice President, Executive Vice President and President. Prior to joining Brown & Brown, he served as Senior Vice President and Treasurer of the Ormond Reinsurance Group.

Commenting on Jim Henderson's decision to retire from the Company, J. Hyatt Brown, Chairman of the Board, said, "Throughout Jim's long and distinguished career with Brown & Brown, he has consistently provided the leadership and exhibited the drive and dedication that are the hallmarks of the 'best of the best' within our Company. As a result, his responsibilities increased commensurately with our Company's growth over the past 25 years. His oversight and counsel were critical components of the success of Brown & Brown, and his contributions as a Company officer and a member of our Board will be missed. We wish him success in his continuing and future endeavors."

J. Powell Brown, President and Chief Executive Officer, added, "Jim has been a valued mentor, resource and example to many of our leaders in the course of their advancement through the ranks of our Company. We are grateful for his contributions and the traditions of hard work and developing people that characterized his noteworthy career with Brown & Brown."

Jim Henderson is Chairman of the Board of Trustees of Embry-Riddle Aeronautical University, and is a member of the Board of Directors of Hallmark Financial Services, Inc., a publicly traded company; the School of Business Administration of Stetson University; the Council of Insurance Agents and Brokers; and the Florida Hurricane Catastrophe Fund. He previously served as Co-Chairman of the Insurance Accounting and Systems Association's Property & Casualty Committee, President of the Central Florida Chapter of Financial Executives International, and as a member of the Board of Directors of United Way of Volusia/Flagler Counties and the Ronald McDonald House. A graduate of Florida State University, he holds both the Chartered Property Casualty Underwriter (CPCU) and Certified Public Accountant (CPA) designations.