NU Online News Service, May 6, 3:30 p.m. EDT

J. Powell Brown, president of Daytona Beach, Fla.-based insurance broker Brown & Brown Inc., was named to succeed his father, J. Hyatt Brown, as chief executive officer upon his retirement on July 1.

J. Hyatt Brown will continue to serve as chairman of the board, involving himself in acquisitions and recruitment, the company said.

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