McGriff Insurance Services

Truist appoints Morgan Stanley to sell up to 30% of insurance ops

Morgan Stanley is running a process to explore the sale of up to 30 percent of Truist Insurance Holdings (TIH) by its banking parent to potential investors including private equity in a move that would provide a third-party validation of the value of the expansive business, The Insurer can reveal.

McGriff: Construction cover price rises slow as new entrants increase competition

Pricing for construction-related insurance coverages continue to tick up across the board with new market entrants helping to alleviate some of the pressure but not to the extent of the softening that was prevalent five years ago, according to McGriff Insurance Services.

Alliant’s Ross, Moriarity join McGriff in senior roles within new construction risk management vertical

Truist-owned retailer McGriff has hired Danielle Ross and Dana Moriarity from Alliant for senior roles within a new risk management division inside the firm’s construction industry vertical, the latest move by the intermediary in its rapid build out of industry-specific practices, The Insurer can reveal.

Truist’s “solid” Q3 organic growth seen as positive sign for other brokers

KBW’s Meyer Shields has commented that Truist’s organic revenue growth “remains solid” despite deceleration in Q3, which is seen as a good predictor of its rivals’ performance.

McGriff continues recruiting drive with Sompo’s Dockery for real estate, hospitality practice

Truist-owned retail broker McGriff has continued its recruitment spree and the build out of its industry vertical practice groups with the hire of Sompo International’s Jason Dockery as real estate and hospitality operations leader.

McGriff confirms Hodo rehire in strategic growth role, names Buchwald VP

McGriff has confirmed Doug Hodo will rejoin as chief strategic growth officer, a hire first revealed by this publication, while the Truist retail broking unit has also named Seth Buchwald vice president in its executive risk advisors transactional risk team.

McGriff hires Lockton’s Zederbaum for new M&A, PE practice

Retail broking house McGriff has continued its recruiting drive with the addition of Paul Zederbaum from Lockton to join a new M&A and private equity practice it plans to launch this fall, The Insurer can reveal.

Settlement reached in Ulmer’s suit against McGriff over Alliant move

A settlement has been reached in the lawsuit that was brought by Rick Ulmer against McGriff following his departure as CEO last year to join Alliant.

McGriff launches personal lines platform with insurtech Covered

Truist-owned retail broker has launched a digital platform in conjunction with the insurtech Covered aimed at simplifying personal lines transactions by allowing clients to shop for insurance digitally while also having access to agents through chat, text, email, or by phone.

CAC calls for judge to toss “frivolous” McGriff suit in natural resources business dispute

CAC Specialty has requested a Houston judge toss out a suit filed against the broker and its natural resources chairman Gary King by his former employer McGriff claiming he violated his non-compete agreement by moving over clients including Byron Energy.

McGriff strengthens mining team with specialist PE hire

McGriff has bolstered its mining team with the hire of Denver, Colorado-based Justin Anderson as a producer and senior vice president.

McGriff rehires Plummer as SVP in national construction practice

McGriff has hired Robert Plummer to its national construction practice, with the executive rejoining the Truist-owned retailer following two years at Florida-based agency Insurance Office of America.

McGriff names M&T’s Samuel COO amid broader management shuffle

McGriff has added M&T Insurance Agency’s Kyle Samuel to its ranks as chief operating officer, while the broker has also made six additional management appointments in support of the new arrival.

McGriff hires Aon veteran O’Neill for executive risks group

McGriff has appointed Jim O’Neill as a senior vice president and producer in its executive risk advisors group, with the executive joining the Truist subsidiary after almost 27 years at Aon.

Ulmer and Alliant denied motions to dismiss McGriff’s counterclaims

A Florida judge has denied Rick Ulmer’s and Alliant’s motions to dismiss counterclaims brought by McGriff in the dispute over Ulmer stepping down as CEO of the Truist Insurance Holdings retail broking subsidiary last August to join its rival.

McGriff brings in energy veteran Lundin from WTW

McGriff has added more than three decades of industry experience to its energy team with the hire of market veteran Kevin Lundin from WTW.

McGriff names Sanderson and Yelverton to leadership roles

McGriff has promoted Crystal Sanderson to national personal lines and small business practice leader and named Rachael Yelverton as chief distribution officer for small business and personal lines.

McGriff adds Alliant marine specialist Lewis; promotes Carille to environmental role

McGriff has hired marine specialist Andy Lewis from Alliant to its national transportation practice while the broker has also appointed Daniel Carille as vice president and lead marketer within its environmental platform.

Alliant makes another McGriff hire with Hill appointment in California

Alliant has added John Hill as senior vice president in San Diego, which marks another hire from McGriff for the broker.

McGriff denied TRO in dispute with Alliant over Florida hires

McGriff Insurance Services has been denied a temporary restraining order in a dispute over Alliant’s hires of five insurance agents in Florida, which comes against a backdrop of McGriff claiming its rival has hired around 20 of its employees and “stolen” around 150 customers since June.

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