Brown & Brown Director Bronislaw Masojada Resigns to Serve as Lord Mayor of the City of London

Executive Summary

On October 21, 2026, Brown & Brown, Inc. (NYSE: BRO) was notified by director Bronislaw E. Masojada of his immediate resignation from the Board of Directors, as well as from his positions on the Audit Committee and Compensation Committee.

Reason for Departure

• Civic Role: Mr. Masojada stepped down due to obligations related to his election as the 698th Lord Mayor of the City of London, taking office in November 2026.
• Disagreements: The filing explicitly notes that his decision was not the result of any disagreement with the Company regarding operations, policies, or practices.

Governance and Market Impact

• Governance Implications: With Mr. Masojada vacating seats on both the Audit Committee and Compensation Committee, the Board will need to address committee composition to maintain compliance with NYSE independent committee requirements, though no immediate disruption to operational management is expected.
• Trading Significance: Low. The departure is benign, fully explained by a prestigious external civic appointment, and involves no corporate dispute or executive operational departure.