Brown & Brown Purchases Preferred Ins. Services

Michael Paschke, regional executive vice president of Brown & Brown Inc., and Gary Hapip, Craig King and Gary Honea, the members and managers of Preferred Insurance Services L.L.C., of Phoenix, Arizona, announce the asset acquisition of Preferred Insurance Services L.L.C. by a subsidiary of Brown & Brown Inc.

Preferred Insurance Services, with annualized revenues of approximately $1.3 million, focuses on property & casualty and benefits insurance for individuals and businesses in Phoenix, Arizona and throughout the United States.

Hapip, King, Honea and their staff will combine their agency operations with that of Brown & Brown's existing Phoenix office, under the leadership of John Slater.