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Brown & Brown’s New Regional President Assesses the Florida Insurance Market

Charles H. Charlie Lydecker was recently named a regional president of Brown & Brown, Inc., taking over responsibility for operations in Florida and some retail operations in Arizona, New Jersey, New York, Texas and Virginia. Lydecker spoke with Florida Underwriter about the states insurance market and his companys plans for...

By Sharon K. Moorhead | Updated on March 02, 2011

In January, Charles H. “Charlie” Lydecker was named a regional president of Brown & Brown, Inc., taking over responsibility for operations in Florida and some retail operations in Arizona, New Jersey, New York, Texas, and Virginia. He has been with the company since 1990 and was named a regional executive vice president in 2002.

Brown & Brown originated in 1939 and is headquartered in Daytona Beach and Tampa. It is a publicly owned corporation with its stock traded on the New York Stock Exchange and is one of the select companies that comprise the Standard & Poor’s Mid-Cap 400 Index. The company operates more than 170 profit centers in 38 states. Its total revenue for the 12-month period that ended Dec. 31, 2010, was $973,492,000.

Lydecker spoke with Florida Underwriter about the Florida insurance market and his company’s plans for the future.

Q. In addition to your appointment, there were other recent changes in top management, specifically the naming of a new chief acquisitions officer. Brown & Brown has traditionally maintained an aggressive commitment to growth through acquisition. Do you anticipate changes in that philosophy?

A. I do not anticipate any changes in Brown & Brown’s acquisitions philosophy. We will continue to be an aggressive acquirer of high quality agencies that we think will fit nicely into the Brown & Brown culture. We’ll continue to focus on middle-market acquisitions, with a very disciplined approach.

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