Brown & Brown Chief Takes Leave for Health Reasons
Powell Brown, president and chief executive officer for global insurance agency Brown & Brown, has taken a temporary leave of absence citing an undisclosed health reason.
Hyatt Brown, former company CEO from 1961 until he semi-retired in 2009, will take Powell Brown’s place. Hyatt Brown has been chairman of the company since 1994.
The company announced the change in a filing with the federal Securities Exchange Commission.
The Dayton Beach, Fla.-based company is one of the country’s largest independent insurance agencies with 231 offices in 36 states and one in England. The company employees more than 6,000 workers.
Popular Today
- CBIZ Brokerage to Be Spun Off, Backed by Private Equity, After $5B Grant Thornton Deal
- Cost of a Data Breach Reaches Record $5 Million on Average
- Viewpoint: Who Gets Credit for Successful Renewal During Soft Reinsurance Market?
- Company at Center of Cyclospora Outbreak Complained to White House, Source Says