Corporate Report: Brown & Brown CFO retiring, subsidiary buys Alamo Group

A subsidiary of Daytona Beach- and Tampa-based Brown & Brown Inc. has purchased the assets of San Antonio's Alamo Insurance Group Inc., provider of property and casualty, employee benefits and personal insurance, plus risk management services with annual revenues of $4.3 million.

Alamo's chairman and CEO Pat McMahan and president Mike Gilpin will continue to operate from their San Antonio and McAllen locations under the same company name.

In other Brown & Brown news, Jim W. Henderson, vice chairman and chief operating officer plus a member of the board of directors, plans to retire effective in August. He has been with the company and its predecessor for the past 25 years, including as chief financial officer and profit center leader of its Daytona Beach retail operations, senior vice president, executive vice president and president.