Fast-growing brokerage firm AssuredPartners Inc. announced on Friday that CEO and Chief Operating Officer Thomas E. Riley will be its next CEO, effective January 1, 2021.
Mr. Riley will succeed current CEO Jim Henderson, who will be the CEO, AssuredPartners said in a statement, adding that further changes and promotions to the leadership team will be announced at that time.
Mr. Riley and Mr. Henderson, both former Brown & Brown Inc. executives, founded AssuredPartners in 2011 with venture capital from Chicago-based GTCR LLC.
Under their leadership, Lake Mary, Florida-based AssuredPartners has grown to over $ 1.6 billion. in annual turnover of less than nine years, according to the statement.
The broker was sold back to GTCR 201