Thomas E. Riley resigned as CEO of AssuredPartners Inc. less than four months after taking the title. He will be replaced by former CEO Jim Henderson, Lake Mary, Florida-based broker said Tuesday. more time for his family and charitable interests. ”
Mr. Riley said it was "a difficult decision" and that he will remain a significant shareholder in AssuredPartners.
An AssuredPartners spokesman did not immediately return a call for comment.
Mr. Riley and Mr. Henderson, both former Brown & Brown Inc. executives, founded AssuredPartners in 2011 with venture capital from Chicago-based GTCR LLC.
In October last year, AssuredPartners announced that Riley, who had been President and CEO. officer, would take over as CEO on January 1
AssuredPartners is the 11th largest American business broker, according to Business Insurance 's latest ranking.