SOURCE: The Council of Insurance Agents & Brokers

October 10, 2007 12:00 ET

George A. (Shad) Steadman Elected Chairman of the Council

WHITE SULPHUR SPRINGS, WV--(Marketwire - October 10, 2007) - George A. (Shad) Steadman III, president and COO of Rutherfoord in Roanoke, Va., is the 2008 chairman of The Council of Insurance Agents & Brokers.

Steadman was elected chairman during a general membership meeting held here in conjunction with the 94th annual Insurance Leadership Forum at The Greenbrier. The Greenbrier gathering is the premier networking event for the commercial insurance industry, bringing together the CEOs and top management of the nation's major commercial insurance brokers and carriers for business and technology workshops and general sessions relating to key international and industry issues.

Steadman took office at noon today at the conclusion of the 2007 Greenbrier conference. He succeeds Thomas J. Rodell, senior vice president and regional managing director of Aon Risk Services, as Council chairman.

Steadman has more than 30 years experience in the insurance industry, working for a number of leading insurance companies and brokerages in various managerial and executive roles and as a risk management consultant. He joined Rutherfoord Companies, a top 50 U.S. commercial insurance broker, in 1986.

Steadman is a graduate of the University of Georgia, where he majored in risk management and insurance. He holds a CPCU designation and is a member of the board of managers for Assurex Global Re.

As chairman of The Council, Steadman will lead a committee of officers that includes Vice Chairman Markham McKnight, president of BancorpSouth Insurance Services, Inc., Baton Rouge, La.; Treasurer H. Wade Reece, president of BB&T Insurance Services of Raleigh, N.C.; and Secretary James R. Pender, honorary chairman of the board of Oswald Companies in Cleveland, Ohio, and chairman emeritus of Oswald, Trippe & Company in Florida.

The Council of Insurance Agents & Brokers represents the leading domestic and international insurance agents and brokers who annually place 80 percent of the commercial property/casualty premiums and administer billions of dollars in employee benefits accounts in the United States.

Founded in 1913, The Council is the premier association for commercial insurance and employee benefits intermediaries. The Council represents the leading commercial brokers and agents in the United States and abroad. Council members annually place 80 percent of all commercial property/casualty premiums in the United States and administer billions of dollars in employee benefits accounts. www.ciab.com

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