Brokers
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The firm looks to leave the nixed merger behind, but the distraction has left it lagging behind peers, although with positive numbers.
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The CEO also pledged revived investment in growth after the Aon deal collapse.
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Mark Schwartz, bringing over 20 years of financial services litigation and insurance experience, will work in a brand-new position to advise clients through the claims process.
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RJ Riordan & Co is a retail property/casualty broker that specializes in the construction and transportation industries in the Chicago region.
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The firm posts positive results, but the focus remains on how quickly it can bounce back from a prolonged distraction.
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Executives addressed analysts following strong Q2 results and the earlier collapse of the Willis integration.
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“There are a lot of great people at Willis, and they would have been a great addition to our team,” the CEO said.
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The broker expressed disappointment in not completing its planned acquisition of some Willis Towers Watson brokerage operations, but touted the success of its tuck-in acquisition strategy.
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Texas-based Goosehead Insurance posted a 40% increase in Q2 core revenue.
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An industry veteran, Grim previously worked as a casualty broker for Amwins.
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The executive has more than two decades of experience in tech and finance.
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On a recent Marsh podcast, the executives discussed tradeoffs between parametric and traditional coverage in covering catastrophe risk.
