AssuredPartners, which is backed by GTCR, has named Thomas E. Riley as CEO. AssuredPartners’ current CEO Jim Henderson will become executive chairman. The transition will become effective January 1, 2020. Based in Lake Mary, Florida, AssuredPartners acquires and invests in insurance brokerage businesses across the U.S. and in London.
LAKE MARY, FLA. (PRWEB) OCTOBER 08, 2020
AssuredPartners today announced that its Board of Directors has appointed Thomas E. Riley as Chief Executive Officer. Jim Henderson, the current CEO, will assume the role of Executive Chairman. The transition will be effective January 1, 2021, at which time, Mr. Henderson, Mr. Riley and the Board of Directors expect to announce certain changes and promotions to the leadership team supporting Mr. Riley.
Current CEO, Jim Henderson said, “Tom Riley is a proven leader in this industry who has consistently driven results through his financial and business acumen and passion for the people of this Company. Few in this industry have deeper and more sustained relationships with carriers and other trading partners, and those relationships are indispensable to our continued success. Tom’s energy and execution track record are exactly what AssuredPartners needs as we enter our next chapter.”
Tom Riley joined AssuredPartners as the President & Chief Operating Officer at inception, partnering with Jim Henderson and Chicago-based private equity firm, GTCR. Under the executive and strategic leadership of Mr. Henderson and the acquisitive and operational drive of Mr. Riley, the company has grown to over $1.6 billion in revenue in less than nine (9) years. Tom has designed and led operational improvement initiatives across multiple platforms and recruited a stellar operational team that is responsible for the integration and continued growth of the 40+ quality agencies that join the AssuredPartners family every year. Tom began his career as a certified public accountant with Arthur Young before being recruited by Mr. Henderson to be the CFO at Brown & Brown Insurance. In his last several years with Brown & Brown, Tom served as a Regional President and Chief Acquisitions Officer and produced equally remarkable results growing the eastern region of that company to over $300 million in annual revenue.
“Since 2011, Jim Henderson’s leadership and vision have attracted the very best agencies and industry leaders to AssuredPartners,” said Tom Riley. “The opportunity that lies ahead for this company is immense, and the charge of leading us into that opportunity is exciting and deeply humbling. Jim’s continued involvement, as Executive Chairman, will be critical, particularly in our acquisition strategy and working with our financial partners. We will focus on empowering our leaders, agency presidents and producers with the tools and products they need to innovate and execute for their customers. Their success will continue to drive us.”
Aaron Cohen, a member of the Board of Directors and managing director at GTCR commented on the transition: “Jim Henderson’s achievements as CEO of AssuredPartners are nothing short of remarkable. We are thankful for his partnership as CEO and eagerly embrace his continued leadership and involvement as Executive Chairman. Tom Riley is the clear leader for the future of AssuredPartners. His energy and drive are woven into the very fabric of this organization. AssuredPartners will continue to achieve record-setting results as Tom empowers the impressive group of regional leaders, corporate executives and M&A professionals that support this great company.”
ABOUT ASSUREDPARTNERS, INC.
Headquartered in Lake Mary, Florida and led by Jim Henderson and Tom Riley, AssuredPartners, Inc. acquires and invests in insurance brokerage businesses (property and casualty, employee benefits, surety and MGU’s) across the United States and in London. From its founding in March of 2011, AssuredPartners has grown to over $1.6 billion in annualized revenue and continues to be one of the fastest growing insurance brokerage firms in the United States with over 190 offices in 34 states and London. For more information, please visit http://www.assuredpartners.com.