Leadership & Pay ·
Brown & Brown, Inc. announced that P. Barrett Brown voluntarily resigned as Executive Vice President and former…
BROBrown & Brown, Inc.
Brown & Brown, Inc. announced that P. Barrett Brown voluntarily resigned as Executive Vice President and former President of the Retail Segment on August 10, 2026, for good reason. He will remain employed through July 31, 2027, to provide transition services while receiving his $1,000,000 annual base salary plus a potential $1,300,000 bonus contingent on performance. The agreement includes a $130,000 lump sum for professional expenses and $2,500,000 in severance pay, distributed in two installments of $1,250,000 in August 2027 and August 2028. These payments are subject to continued employment through the transition period and execution of a release of claims. Brown & Brown, Inc. operates as an insurance brokerage firm providing risk management solutions.