TAYLOR BENEFITS SERVICES JOINS EVERGREEN RE
Strengthening Capabilities in Management of Transplants and Neonatal Risk
STUART, FL –Jim W. Henderson, Vice Chairman and Chief Operating Officer of Brown & Brown, Inc. (NYSE:BRO), announced the asset acquisition of Taylor Benefits Services, Inc. (TBSI) and Neonatal Consultation Services, Inc. by Evergreen Re, a division of Brown & Brown, with headquarters in Stuart, FL.
Ron Taylor, former CEO of TBSI, has been named Senior Vice President of Evergreen Re and will continue to provide solutions and consulting services for controlling catastrophic financial risks to health plans across the country from his office in Atlanta, GA. Rhonda Parry, Senior Consultant at TBSI since 2002 and responsible for sales, marketing, client management and product development activities, will also join Evergreen Re as Vice President. She will continue to be responsible for these activities as well as the NeonatalConsult.com program, a proprietary website created by TBSI which provides a one-stop online resource for case managing high-risk infants.
“Ron Taylor is one of the architects and the largest producer of capitated transplant carve-out programs in the U.S. His expertise in transplant management along with his work in neonatal consultation provides health plans with innovative approaches to manage two of the biggest financial risks health plans face today,” said Charles Crispin, CEO of Evergreen Re.
Taylor added: “Evergreen Re will be able to provide us with new services and capabilities as well as substantial backroom services that will allow us to stay focused on managing the needs of our clients. Together we bring tremendous expertise to the managed care industry, allowing us to better manage and control catastrophic risk.”
Evergreen Re has maintained its leadership position as the premier managed care reinsurance broker for the past four years. Joining Brown & Brown in December 2007, Evergreen Re’s size and expertise in managed care allows the experienced reinsurance team to leverage broad markets, securing the most favorable coverage at the lowest cost. Evergreen Rx, the pharmacy consulting practice of Evergreen Re, today manages more than $3 billion in pharmacy spend and is the exclusively endorsed pharmacy consultant for America’s Health Insurance Plans (AHIP). Both practices serve clients in 45 states and Puerto Rico. For more information please visit www.evergreenre.com or email reinsure@evergreenre.com.
Brown & Brown, Inc. and its subsidiaries offer a broad range of insurance and reinsurance products and services, as well as risk management, third party administration, managed health care, and Medicare set-aside services and programs. Providing service to business, public entity, individual, trade and professional association clients nationwide, the Company is ranked by Business Insurance magazine as the sixth largest independent insurance intermediary in the United States, as well as in the World. The Company’s web address is www.bbinsurance.com
This press release may contain certain statements relating to future results which are forward-looking statements. These statements are not historical facts, but instead represent only the Company’s belief regarding future events, many of which, by their nature, are inherently uncertain and outside of the Company’s control. It is possible that the Company’s actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. Further information concerning the Company and its business, including factors that potentially could materially affect the Company’s financial results, are contained in the Company’s filings with the Securities and Exchange Commission. Some factors include those factors relevant to Brown & Brown's consummation and integration of the announced acquisition, including any matters analyzed in the due diligence process, material adverse changes in the customers of the company whose operations are being acquired and material adverse changes in the business and financial condition of either or both companies and their respective customers. All forward-looking statements included in this press release are made only as of the date of this press release, and the Company does not undertake any obligation to publicly update or correct any forward-looking statements to reflect events or circumstances that subsequently occur or of which the Company thereafter becomes aware.