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3/8/04 Franklin Lakes, New Jersey

Sica Consultants Represents Waldor Agency, Inc. and Statfeld Vantage Insurance Group, LLC in their Respective Transactions with Brown & Brown, Inc.

Sica Consultants, Inc., Sica Consultants, Inc., a provider of consulting services to the financial industries today announced its successful representation of Waldor Agency, Inc. and Statfeld Vantage Insurance Group, LLC in their respective transactions with Brown & Brown, Inc. (NYSE: BRO). Since it's founding in 1959, Waldor Agency Inc. has operated primarily in the corporate property and casualty marketplace. Waldor has a concentration in the real estate industry and also writes personal lines insurance. Statfeld Vantage Group LLC is a full-service insurance and employee benefits consulting/brokerage firm, providing comprehensive client services to both the public and private sector in the areas of health insurance, employee benefits, risk management and general insurance. Brown & Brown, Inc. is an independent insurance agency and brokerage firm. It provides property & casualty, life, and health insurance as well as risk management services (through the retail division), mainly to commercial clients. The company also designs customized products for niche clients, such as dentists, lawyers, optometrists, food processors, and towing operators. The brokerage division distributes excess and surplus commercial insurance through independent agents; the service segment provides self-insured and third-party administrator services.

Sica Consultants was founded in 1991 by Alexander W. Sica. It is a nationally recognized leader in providing consulting and advisory services and in creating, developing and managing growth opportunities related to the financial services industries. Sica Consultants works closely with their clients throughout the Merger & Acquisition and Strategic Alliance process; from finding compatible partners, to determining proper business valuations and deal structures, to examining tax issues and continuing on through due diligence, deal closing and integration.

Peter Waldor, one of the principals of Waldor Agency Inc., observed, "We are thrilled to join the fine Brown organization. Without excellent assistance from Al Sica and his team the deal never would have happened."

For more information on Sica Consultants, including its corporate philosophy, the services provided, recent transactions, key clients and officer backgrounds you may visit its website at www.sicaconsultants.com, or you may contact Alexander W. Sica, President via email at AWSica@aol.com or by phone at (201) 805-1561.
 

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