SOURCE: Wright Specialty Insurance Agency, LLC

September 08, 2014 16:15 ET

Wright Specialty Insurance Agency, LLC Announces Promotion of Kevin C. Beer

UNIONDALE, NY--(Marketwired - September 08, 2014) - Wright Specialty Insurance Agency, LLC announced today that Kevin C. Beer has been appointed President and Profit Center Leader of Wright Specialty Insurance. Wright Specialty Insurance is a full-service managing general underwriter and program administrator. 

In his new role, Mr. Beer will oversee the Wright Specialty Insurance operations and be responsible for the profitability and growth of all Wright Specialty programs. Since January 1, 2012, Mr. Beer has served as Wright Specialty's Senior Vice President of Underwriting. He was instrumental in the formation of affiliate WRM America Indemnity Company, Inc. and Wright Specialty Insurance, assisting with product development and program design, as well as the structuring of reinsurance and formulation of business strategies. Mr. Beer will report directly to Tony Grippa.

"Kevin is the ideal candidate to run Wright Specialty. He and his team have successfully launched and grown Wright's National Education Program into one of the premier programs in the industry. Kevin has the underwriting expertise, leadership ability, and business acumen to take Wright Specialty to the next level," said Grippa.

Mr. Beer has been with Wright since 2001. Prior to becoming Senior Vice President of Underwriting, he was the Vice President of Underwriting for WRM America Indemnity Company and a Senior Underwriter for the NYSIR and NYMIR divisions. Mr. Beer earned a B.S. in Economics from the University of Scranton and M.B.A. from Hofstra University and also holds the Chartered Property Casualty Underwriter (CPCU) designation.

Wright Specialty Insurance is a subsidiary of Brown & Brown, Inc. (NYSE: BRO) (the "Company"). The Company, through its licensed subsidiaries, offers a broad range of insurance and reinsurance products and services, as well as risk management, third-party administration, managed health care, and Medicare set-aside services and programs. Providing service to business, public entity, individual, trade and professional association clients nationwide, the Company is ranked by Business Insurance magazine as the United States' sixth largest independent insurance intermediary. The Company's Web address is www.bbinsurance.com.

This press release may contain certain statements relating to future results which are forward-looking statements. These statements, including, without limitation, those pertaining to the future performance of Wright Specialty Insurance, are not historical facts, but instead represent only the Company's current belief regarding future events, many of which, by their nature, are inherently uncertain and outside of the Company's control. Further information concerning the Company and its business, including factors that potentially could materially affect the Company's financial results and condition, as well as its other achievements, are contained in the Company's filings with the Securities and Exchange Commission. Some factors include: fluctuations in our stock's market price; fluctuations in operating results and cash flows; general economic conditions around the country; downward commercial property and casualty premium pressures; the effects of legislative and regulatory changes pertaining to the insurance industry, including those relating to coastal property coverages; the competitive environment; and the integration of the Company's operations with those of businesses or assets the Company has acquired or may acquire in the future and the failure to realize the expected benefits of such integration. All forward-looking statements made herein are made only as of the date of this release, and the Company does not undertake any obligation to publicly update or correct any forward-looking statements to reflect events or circumstances that subsequently occur or of which the Company hereafter becomes aware. 

Contact Information

  • Anthony ("Tony") M. Grippa
    Senior Vice President
    Brown & Brown, Inc.
    (386) 239-8833